W&T Offshore Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by W&T Offshore, Inc. on April 11, 2016, covering events occurring on April 8, 2016. The filing addresses administrative changes regarding the Company's debt instruments.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, or liquidity metrics. The only financial instrument referenced is the Company's 8.5% Senior Notes due 2019.
Material Changes
The primary event reported is the change of trustee for the Company's 8.5% Senior Notes due 2019:
- Resignation: Wells Fargo Bank, National Association will resign as Trustee under the Indenture dated June 10, 2011.
- Appointment: Wilmington Trust, National Association has been appointed as the new Trustee.
- Effective Date: The transition is effective April 18, 2016.
- Scope: Wilmington Trust assumes all rights, powers, trusts, and duties previously held by Wells Fargo.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. The document is strictly procedural regarding the trustee appointment.
Investor Verification Checklist
- Confirm the effective date of the trustee transition (April 18, 2016).
- Verify the new contact information for the corporate trust office at Wilmington Trust (15950 North Dallas Parkway, Suite 550, Dallas, Texas 75248).
- Review the attached Agreement of Resignation, Appointment and Acceptance (Exhibit 99.1) for specific terms.