• W&T Offshore amended its Texas Capital Bank-led revolving credit facility on Oct. 1, converting it to a reserve-based lending facility.
• Initial borrowing base set at USD 50 million, supporting USD 50 million of commitments, with potential expansion to USD 100 million with lender consent.
• Amendment removes the 75% excess cash flow sweep, quarterly clean-down requirement, and USD 100 million PDP PV-10 asset coverage covenant.
• Restricted payments basket increased to USD 15 million from USD 10 million.
• Pricing, maturity, collateral, and key covenants unchanged, including 2.50x maximum net leverage and 1.00x minimum current ratio.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. W&T Offshore Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610071645PRIMZONEFULLFEED9841656) on October 07, 2026, and is solely responsible for the information contained therein.