W&T Offshore Converts Revolver to $100 Million RBL; Sets $50 Million Commitments, 2028 Maturity
W&T Offshore (WTI) amended its credit agreement to convert a revolver into a $100M reserve-based revolving credit facility with $50M in initial commitments. The borrowing base is $50M, with redeterminations starting Nov. 1, 2026. Interest rate margins and SOFR floor remain unchanged. Canadian Imperial Bank of Commerce joined with a $10M commitment, while Macquarie exited.

