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EXCO Resources, Inc. Files Voluntary Petitions for Chapter 11 Reorganization to Facilitate Financial Restructuring

Dateline City:

DALLAS

DALLAS–(BUSINESS WIRE)–EXCO Resources, Inc. (NYSE: XCO.BC) (OTC Pink: XCOO) (“EXCO” or the “Company”) today announced that in order to facilitate a restructuring of its balance sheet, the Company and certain of its subsidiaries have filed voluntary petitions for a court-supervised reorganization under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas (“the Court”). EXCO intends to operate in the ordinary course of business during the restructuring process.

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Language:

English

Contact:

EXCO Resources, Inc.
Tyler Farquharson, 214-368-2084
Vice President, Chief Financial Officer and Treasurer
www.excoresources.com

Media Inquiries Only:
Joele Frank, Wilkinson Brimmer Katcher
Michael Freitag / Aura Reinhard / Torrey Leroy
212-355-4449

EXCO Resources, Inc. Common Shares to Begin Trading on the OTC Pink Marketplace

Dateline City:

DALLAS

DALLAS–(BUSINESS WIRE)–EXCO Resources, Inc. (NYSE: XCO.BC) (OTC Pink: XCOO) (“EXCO” or the “Company”) today announced that on December 22, 2017, EXCO was notified by the New York Stock Exchange (“NYSE”) that the NYSE has determined to commence proceedings to delist EXCO’s common shares from the NYSE as a result of EXCO’s failure to maintain an average global market capitalization over a consecutive 30 trading-day period of at least $15 million pursuant to Section 802.01B of the NYSE Listed Company Manual. The NYSE also suspended the trading of EXCO’s common shares at the close of trading on December 22, 2017.

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Language:

English

Contact:

EXCO Resources, Inc.
Tyler Farquharson, 214-368-2084
Vice President, Chief Financial Officer and Treasurer
www.excoresources.com

EXCO Resources, Inc. Enters into Forbearance Agreements

Dateline City:

DALLAS

DALLAS–(BUSINESS WIRE)–EXCO Resources, Inc. (NYSE:XCO) (“EXCO” or the “Company”) today announced that it has entered into forbearance agreements (the “Forbearance Agreements”) with the administrative agent and the majority of lenders under its reserve-based credit agreement (the “Credit Agreement”), holders of approximately 87% of the outstanding aggregate principal amount of its senior secured 1.5 lien notes due March 2022 (the “1.5 Lien Notes”) and lenders holding approximately 81% of its outstanding senior secured 1.75 lien term loans due October 2020 (“1.75 Lien Term Loans”) (collectively, the “Forbearing Creditors”).

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Language:

English

Contact:

EXCO Resources, Inc.
Tyler Farquharson, 214-368-2084
Vice President, Chief Financial Officer and Treasurer
www.excoresources.com

EXCO Resources, Inc. Receives Continued Listing Standard Notice from NYSE

Dateline City:

DALLAS

DALLAS–(BUSINESS WIRE)–EXCO Resources, Inc. (NYSE:XCO) (“EXCO” or the “Company”) today announced that on December 11, 2017, EXCO was notified by the New York Stock Exchange (“NYSE”) of its noncompliance with continued listing standards because the average closing price of its common shares over a period of 30 consecutive trading days had fallen below $1.00 per share, which is the minimum average closing price per share required to maintain listing on the NYSE.

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Language:

English

Contact:

EXCO Resources, Inc.
Tyler Farquharson, 214-368-2084
Vice President of Strategic Planning, acting Chief Financial Officer and Treasurer
www.excoresources.com

Ticker Slug:
Ticker:
XCO
Exchange:
NYSE
ISIN:
US2692794025

EXCO Resources, Inc. Announces Change to Board of Directors

Dateline City:

DALLAS

DALLAS–(BUSINESS WIRE)–EXCO Resources, Inc. (NYSE:XCO) (“EXCO” or the “Company”) today announced the resignation of C. John Wilder from his position as a member of the Company’s Board of Directors (the “Board”) and his position as Executive Chairman of the Board, in each case effective as of November 9, 2017. Mr. Wilder became one of the Company’s directors and Executive Chairman of the Board in September 2015.

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Language:

English

Contact:

EXCO Resources, Inc.
Tyler Farquharson, 214-368-2084
Vice President, Chief Financial Officer and Treasurer
www.excoresources.com

Ticker Slug:
Ticker:
XCO
Exchange:
NYSE
ISIN:
US2692794025

EXCO Resources, Inc. Reports Third Quarter 2017 Results

Dateline City:

DALLAS

DALLAS–(BUSINESS WIRE)–EXCO Resources, Inc. (NYSE:XCO) (“EXCO” or the “Company”) today announced operating and financial results for third quarter 2017.

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Language:

English

Contact:

EXCO Resources, Inc.
Tyler Farquharson, 214-368-2084
Vice President, Chief Financial Officer and Treasurer
www.excoresources.com

Ticker Slug:
Ticker:
XCO
Exchange:
NYSE
ISIN:
US2692794025

EXCO Resources, Inc. Announces Change to Board of Directors

Dateline City:

DALLAS

DALLAS–(BUSINESS WIRE)–EXCO Resources, Inc. (NYSE:XCO) (“EXCO” or the “Company”) today announced the resignation of Stephen J. Toy from the Company’s Board of Directors (the “Board”), effective as of October 6, 2017. Mr. Toy originally joined the Board in March 2017.

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Language:

English

Contact:

EXCO Resources, Inc.
Tyler Farquharson, 214-368-2084
Vice President, Chief Financial Officer and Treasurer
www.excoresources.com

Ticker Slug:
Ticker:
XCO
Exchange:
NYSE
ISIN:
US2692794025

EXCO Resources, Inc. Announces Changes to Board of Directors and PIK Debt Interest Payments

Dateline City:

DALLAS

DALLAS–(BUSINESS WIRE)–EXCO Resources, Inc. (NYSE:XCO) (“EXCO” or the “Company”) today announced the resignation of each of B. James Ford and Samuel A. Mitchell from the Company’s Board of Directors (the “Board”), in each case effective as of September 20, 2017. Mr. Ford originally joined the Board in December 2007 and Mr. Mitchell originally joined the Board in June 2013.

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Language:

English

Contact:

EXCO Resources, Inc.
Tyler Farquharson, 214-368-2084
Vice President, Chief Financial Officer and Treasurer
www.excoresources.com

Ticker Slug:
Ticker:
XCO
Exchange:
NYSE
ISIN:
US2692794025

EXCO Resources, Inc. Borrows Remaining Undrawn Amount of Its Amended and Restated Credit Agreement

Dateline City:
DALLAS

DALLAS–(BUSINESS WIRE)–EXCO Resources, Inc. (NYSE:XCO) (“EXCO” or the “Company”) announced today that the Board of Directors of the Company (the “Board”) has delegated authority to the Audit Committee of the Board (the “Audit Committee”), which is comprised of EXCO’s four independent directors, to explore strategic alternatives to strengthen the Company’s balance sheet and maximize the value of the Company.

Language:
English
Contact:

EXCO Resources, Inc.
Tyler Farquharson, 214-368-2084
Vice President of Strategic Planning
www.excoresources.com

Ticker Slug:
Ticker:
XCO
Exchange:
NYSE
ISIN:
US2692794025

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EXCO Resources, Inc. Receives Notice of Non-Compliance with NYSE Continued Listing Standards

Dateline City:
DALLAS

DALLAS–(BUSINESS WIRE)–EXCO Resources, Inc. (NYSE:XCO) (“EXCO” or the “Company”) today announced that on August 10, 2017 it was notified by the New York Stock Exchange (the “NYSE”) that it is not in compliance with the continued listing standards set forth in Section 802.01B of the NYSE’s Listed Company Manual because the Company’s average global market capitalization fell below $50 million over a trailing consecutive 30 trading-day period while its shareholders’ equity was less than $50 million.

Language:
English
Contact:

EXCO Resources, Inc.
Tyler Farquharson, 214-368-2084
Vice President of Strategic Planning
www.excoresources.com

Ticker Slug:
Ticker:
XCO
Exchange:
NYSE
ISIN:
US2692794025

    read more