W&T Offshore amends revolver, extending maturity, raising pricing

By Sara Rosenberg

New York, July 29 - W&T Offshore Inc. amended its revolving credit facility, extending the maturity date to July 23, 2102 and increasing pricing by 12.5 basis points across all levels of borrowing, according to an 8-K filed with the Securities and Exchange Commission Tuesday.

In addition, the amendment increased the amount available for distribution or share repurchases to $60 million per year from $30 million per year.

The amendment was completed on July 24.

Toronto Dominion is the agent on the deal.

W&T is a Houston-based independent oil and natural gas company.

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