W&T Offshore completes credit facility structure conversion
W&T Offshore completed the conversion of its revolving credit facility to a reserve-based lending structure.
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W&T Offshore completes credit facility conversion to reserve-based lending
W&T Offshore said it completed converting its revolving credit facility to a reserve-based lending structure, eliminating a cash sweep and quarterly clean-down and increasing restricted payments capacity by 50% to $15 million, without changes to pricing or financial covenants.
W&T Offshore completes conversion to reserve-based lending
W&T Offshore completes conversion to reserve-based lending structure
W&T Offshore completed the conversion of its revolving credit facility to a reserve-based lending structure, aimed at enhancing financial flexibility.