W&T Offshore, Inc. Annual report pursuant to Section 13 and 15(d)

Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2016

As of December 31, 2016 and 2015, our long-term debt was as follows (in thousands):

									December 31,
	December 31, 2016								2015
			PIK Payable/
			Interest Payable/			Carrying			Principal/
	Principal		Other			Value			Other*
11.00% 1.5 Lien Term Loan, due November 2019	$	75,000	$	23,823		$	98,823		$	—

9.00 % Second Lien Term Loan, due May 2020		300,000		—			300,000			300,000

9.00%/10.75% Second Lien PIK Toggle Notes, due May 2020		163,007		60,898			223,905			—

8.50%/10.00% Third Lien PIK Toggle Notes, due June 2021		145,897		67,549			213,446			—

8.50% Unsecured Senior Notes, due June 2019		189,829		—			189,829			900,000
Subtotal		873,733		152,270			1,026,003			1,200,000

Debt premium, discount, issuance costs, net of amortization		—		(5,276	)		(5,276	)		(3,145	)
Total long-term debt		873,733		146,994			1,020,727			1,196,855
Current maturities of long-term debt		—		8,272			8,272			—
Long term debt, less current maturities	$	873,733	$	138,722		$	1,012,455		$	1,196,855

* Amounts also equal carrying value