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)

6 Months Ended

Jun. 30, 2023

Schedule of Debt Instruments [Table Text Block]

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


	June 30, 2023		December 31, 2022
TVPX Loan:
Principal	$	11,575	$	—
Discount		(1,651)
Unamortized debt issuance costs		(267)		—
Total TVPX Loan		9,657		—

Term Loan:
Principal		128,719		147,899
Unamortized debt issuance costs		(3,727)		(4,592)
Total Term Loan		124,992		143,307

Credit Agreement borrowings:		—		—

11.75% Senior Second Lien Notes due 2026:
Principal		275,000		—
Unamortized debt issuance costs		(6,078)		—
Total 11.75% Senior Second Lien Notes due 2026		268,922		—

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

Less current portion, net		(30,550)		(582,249)
Total long-term debt, net	$	373,021	$	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