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

Quarterly report pursuant to Section 13 or 15(d)

DEBT (Tables)

DEBT (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of Debt Instruments [Table Text Block]

The components comprising the Company’s debt are presented in the following table (in thousands):


	September 30,		December 31,
	2023		2022
TVPX Loan:
Principal	$	11,300	$	—
Unamortized discount		(1,434)		—
Unamortized debt issuance costs		(246)		—
Total		9,620		—

Term Loan:
Principal		121,571		147,899
Unamortized debt issuance costs		(3,337)		(4,592)
Total		118,234		143,307

Credit Agreement		—		—

11.75% Senior Second Lien Notes due 2026:
Principal		275,000		—
Unamortized debt issuance costs		(5,695)		—
Total		269,305		—

9.75% Senior Second Lien Notes due 2023:
Principal		—		552,460
Unamortized debt issuance costs		—		(2,330)
Total		—		550,130

Total debt, net		397,159		693,437
Less current portion, net		(30,015)		(582,249)
Long-term debt, net	$	367,144	$	111,188

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details