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.
Operates 4 Offshore Rigs
- W&T Offshore Strikes Black Gold at Mahogany Field (Jan 06)
- US Jury Finds Apache Did Not Breach Contract With W&T Offshore (Dec 15)
- W&T Ban From Bidding For Oil Could Last 3 Years, EPA Says (Dec 03)