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

Annual report pursuant to Section 13 and 15(d)

DEBT (Tables)

DEBT (Tables)

12 Months Ended

Dec. 31, 2023

The components of debt are presented in the following tables (in thousands):


	December 31,
	2023		2022
Term Loan:
Principal	$	114,159	$	147,899
Unamortized debt issuance costs		(3,052)		(4,592)
Total		111,107		143,307

Credit Agreement borrowings		—		—

11.75% Senior Second Lien Notes due 2026:
Principal		275,000		—
Unamortized debt issuance costs		(5,090)		—
Total		269,910		—

TVPX Loan:
Principal		11,025		—
Unamortized discount		(1,294)		—
Unamortized debt issuance costs		(144)		—
Total		9,587		—

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

Total debt, net		390,604		693,437
Less current portion, net		(29,368)		(582,249)
Long-term debt, net	$	361,236	$	111,188

Schedule of Maturities of Long-term Debt

The maturities of the Company’s principal amounts of long-term debt are as follows (in millions):


2024	$	31.2
2025		28.7
2026		309.3
2027		22.8
2028		8.2
Thereafter		—
Total	$	400.2

- 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