W&T Offshore Files 8-K on Material Definitive Agreement

TL;DR

W&T Offshore just signed a big deal, filing an 8-K to let everyone know.

AI Summary

On March 28, 2024, W&T Offshore, Inc. entered into a material definitive agreement related to financial obligations. The company, incorporated in Texas, filed an 8-K report detailing this event. The filing does not specify the exact nature of the agreement or any associated dollar amounts.

Why It Matters

This filing indicates a significant new financial commitment or obligation for W&T Offshore, which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements can introduce new financial risks or obligations that may not be immediately apparent.

Key Players & Entities

• W&T Offshore, Inc. (company) — Registrant
• March 28, 2024 (date) — Date of Report
• Texas (location) — State of Incorporation

FAQ

Key Financial Figures

• $0.00001 — ch registered Common Stock, par value $0.00001 WTI New York Stock Exchange Item
• $4.4 million — s of December 31, 2023, the Company had $4.4 million outstanding in letters of credit which

Filing Documents

• tm249987d1_8k.htm (8-K) — 24KB
• tm249987d1_ex10-1.htm (EX-10.1) — 50KB
• 0001104659-24-040518.txt ( ) — 250KB
• wti-20240328.xsd (EX-101.SCH) — 3KB
• wti-20240328_lab.xml (EX-101.LAB) — 33KB
• wti-20240328_pre.xml (EX-101.PRE) — 22KB
• tm249987d1_8k_htm.xml (XML) — 4KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On March 28, 2024, W&T Offshore, Inc. (together with its guarantor subsidiaries, the "Company") entered into a Sixteenth Amendment to the Sixth Amended and Restated Credit Agreement (the "Sixteenth Amendment") dated as of March 28, 2024, among the Company, certain of its guarantor subsidiaries, Alter Domus (US) LLC, as administrative agent, and certain of the Company's lenders and other parties thereto (as heretofore amended, the "Credit Agreement"). The Sixteenth Amendment, which became effective as of March 28, 2024, amends the Sixth Amended and Restated Credit Agreement dated as of October 18, 2018 to extend the maturity date from March 28, 2024 to April 30, 2024. As of December 31, 2023, there were no borrowings outstanding under the Credit Agreement and no borrowings had been incurred under the Credit Agreement during the year ended December 31, 2023. As of December 31, 2023, the Company had $4.4 million outstanding in letters of credit which have been cash collateralized. The foregoing description of the Sixteenth Amendment does not purport to be complete and is qualified in its entirety by reference to the Sixteenth Amendment, a copy of which is attached to this Current Report on Form 8-K as Exhibit 10.1 and incorporated by reference herein.

03 Creation of a Direct Financial Obligation or an Obligation

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth under Item 1.01 above hereby is incorporated into this Item 2.03 by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. The following exhibits are included as part of this Current Report on Form 8-K: Exhibit Number Description 10.1 Sixteenth Amendment to the Sixth Amended and Restated Credit Agreement, dated as of March 28, 2024, by and among W&T Offshore, Inc., the guarantor subsidiaries party thereto, Alter Domus (US) LLC, and the various agents and lenders and other parties thereto. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. W&T OFFSHORE, INC. (Registrant) Dated: March 28, 2024 By: /s/ Jonathan Curth Name: Jonathan Curth Title: Executive Vice President, General Counsel and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR