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HOUSTON, Oct. 5, 2018 /PRNewswire/ — W&T Offshore, Inc. WTI, -0.24% (“W&T Offshore” or the “Company”)¬†announced today the appraisement of its ahead appear clandestine alms of $625.0 actor in accumulated arch bulk of chief additional affirmation addendum due 2023 (the “Notes”). The Notes, which priced at par, will complete on November 1, 2023, and will pay absorption at an anniversary amount of 9.75%.

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The closing of the alms of the Addendum is accepted to action on October 18, 2018, accountable to accepted closing conditions. W&T Adopted intends to use the net gain of the offering, calm with borrowings from a proposed adapted revolving coffer acclaim ability and banknote on hand, to (i) accord and retire its outstanding 11.00% 1.5 Affirmation Term Loan and 9.00% Additional Affirmation Term Loan and (ii) redeem or repurchase in abounding all of its outstanding 8.500% Chief Unsecured Addendum due 2019, 9.00%/10.75% Additional Affirmation PIK Toggle Addendum due 2020 and 8.50%/10.00% Third Affirmation PIK Toggle Addendum due 2021. In affiliation with the offering, W&T Adopted has acquired a charge letter from three bartering banks for a proposed adapted revolving coffer acclaim ability with antecedent coffer lending commitments and borrowing abject of $250 actor that is accepted to aing accordingly with the closing of the alms of the Notes.

The Addendum accept not been registered beneath the Balance Act of 1933, as adapted (the “Securities Act”), or any accompaniment balance laws; and unless so registered, the balance may not be offered or awash in the United States except pursuant to an absolution from, or in a transaction not accountable to, the allotment requirements of the Balance Act and applicative accompaniment balance laws. The Addendum are actuality offered alone to able institutional buyers in the United States beneath Rule 144A and to non-U.S. investors alfresco the United States pursuant to Regulation S.

This columnist absolution does not aggregate an action to advertise or a address of an action to buy, or a auction of, the Addendum or any added securities, nor does it aggregate an offer, address or auction in any administration in which such offer, address or auction is unlawful.

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About W&T Adopted

W&T Offshore, Inc. is an absolute oil and accustomed gas ambassador with operations adopted in the Gulf of Mexico and has developed through acquisitions, analysis and development. The Company currently has alive interests in 48 bearing fields in federal and accompaniment amnion and has beneath charter about 650,000 gross acres, including about 440,000 gross acreage on the Gulf of Mexico Shelf and about 210,000 gross acreage in the deepwater. A majority of the Company’s circadian assembly is acquired from wells it operates.

Forward-Looking Statements

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This columnist absolution contains advanced statements aural the acceptation of Area 27A of the Balance Act and Area 21E of the Balance Exchange Act of 1934, as amended. These advanced statements reflect our accepted angle with account to approaching events, based on what we accept are reasonable assumptions. No affirmation can be given, however, that these contest will occur. These statements are accountable to risks and uncertainties that could account absolute after-effects to alter materially including, amid added things, bazaar conditions, oil and gas amount volatility, uncertainties inherent in oil and gas assembly operations and ciphering reserves, abrupt approaching basic expenditures, competition, the success of our accident administration activities, authoritative regulations, uncertainties and added factors discussed in W&T Offshore’s Anniversary Report on Form 10-K for the year concluded December 31, 2017 and consecutive Form 10-Q letters begin at www.sec.gov or at our website at www.wtoffshore.com beneath the Investor Relations section. Investors are apprenticed to accede carefully the disclosures and accident factors in these reports.

CONTACT:

Lisa Elliott

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Janet Yang

Dennard Lascar Investor Relations

VP & CFO

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[email protected]

[email protected]

713-529-6600

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713-624-7326

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SOURCE W&T Offshore, Inc.

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