W&T Offshore pays off its term loan B by drawing on its revolving credit facility

By Sara Rosenberg

New York, May 5 - W&T Offshore Inc. repaid its term loan B this month using borrowings under its revolving credit facility, according to a news release.

In addition, the company just completed the semiannual redetermination of its borrowing base, which is now set at $405 million.

Following the draw for the term loan B repayment, remaining revolver availability was $200 million.

W&T Offshore is a Houston-based independent oil and natural gas company.

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