W&T Offshore, Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

DEBT (Tables)

DEBT (Tables)

12 Months Ended

Dec. 31, 2024

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


	December 31,
	2024		2023
Term Loan:
Principal	$	114,159	$	114,159
Unamortized debt issuance costs		(2,027)		(3,052)
Total		112,132		111,107

11.75% Senior Second Lien Notes due 2026:
Principal		275,000		275,000
Unamortized debt issuance costs		(2,919)		(5,090)
Total		272,081		269,910

TVPX Loan:
Principal		9,925		11,025
Unamortized discount		(771)		(1,294)
Unamortized debt issuance costs		(144)		(144)
Total		9,010		9,587

Total debt, net		393,223		390,604
Less current portion, net		(27,288)		(29,368)
Long-term debt, net	$	365,935	$	361,236

Schedule of maturities of long-term debt

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


2025	$	28.7
2026		309.3
2027		22.8
2028		38.3
2029		—
Thereafter		—
Total	$	399.1

- 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