W&T Offshore Reaffirms $500MM Revolving Credit Facility

W&T Offshore announced that its bank group has reaffirmed the borrowing base under its revolving credit facility that matures July 23, 2012 and that the undrawn $500 million revolving credit facility remains available for borrowing. Toronto Dominion Bank led the group of 16 lenders, with no one institution holding more than 10% of the commitment.

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