Deal Summary

W&T Offshore

$50,000,000

Revolver converted to reserve-based lending facility (second amendment)

Texas Capital Bank et. al

Deal Notes:

CIBC rejoins with $10 million commitment; removes cash sweep, clean-down and asset coverage covenant; redeterminations May 1/Nov. 1; no amendment fees

Industry:

Oil and gas (offshore)

Role:

Administrative agent, bank group lead

Event:

Amendment/Conversion

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