All posts by admin

EXCO Resources, Inc. Announces Appointment of Eugene I. Davis to Board of Directors

Dateline City:

DALLAS

DALLAS, July 10, 2019 /PRNewswire/ — EXCO Resources, Inc. (“EXCO” or the “Company”) today
announced that Eugene I. Davis has been appointed to the Company’s Board of Directors, effective July
8, 2019. Mr. Davis replaces David Dunn, who resigned effective July 8, 2019.

Mr. Davis has nearly 40 years of experience in the oil and gas industry and brings to the EXCO Board a
unique combination of leadership, consulting, and turnaround expertise. He is currently Chairman and
Chief Executive Officer of PIRINATE Consulting Group, LLC, a private firm that provides strategic planning
and special situations advisory to public and private companies across a range of industries. Prior to
forming PIRINATE in 1997, Mr. Davis served as President, Vice Chairman and Director of Emerson Radio
Corporation and as CEO and Vice Chairman of Sport Supply Group, Inc. He began his career with Exxon
Corporation and Amoco International. Mr. Davis currently serves as a Director of Seadrill Limited; Titan
Energy, LLC; and Verso Corporation, and previously served on the boards of Atlas Iron Limited; Goodrich
Petroleum Corp.; Hercules Offshore; and U.S. Concrete, Inc., among others.

About EXCO Resources, Inc.

EXCO Resources, Inc. is an oil and natural gas exploration, exploitation, acquisition, development and
production company headquartered in Dallas, Texas with principal operations in Texas, North Louisiana
and the Appalachia region. EXCO’s headquarters are located at 12377 Merit Drive, Suite 1700, Dallas, TX
75251.

Language:

English

Contacts:

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

or

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

SOURCE EXCO Resources, Inc.

Related Links
www.excoresources.com

EXCO Resources, Inc. Successfully Completes Financial Restructuring

Dateline City:

DALLAS

Emerges from Chapter 11 with Significantly Enhanced Financial Flexibility to Support Long-Term Growth

DALLAS, July 1, 2019 /PRNewswire/ — EXCO Resources, Inc. (“EXCO” or the “Company”) today
announced that it has successfully completed its financial restructuring and emerged from Chapter 11.
As a result of this process, the Company has reduced its leverage by more than $1.1 billion and is moving
forward with approximately $325 million in committed exit financing from a new credit facility,
providing significant financial flexibility to support ongoing operations and investment in the business.
EXCO will continue to engage in the exploration, acquisition, development and production of onshore
U.S. oil and natural gas properties with a focus on shale resource plays in key basins in Texas, Louisiana
and the Appalachia region.

“This is an exciting day for EXCO and marks the beginning of the next chapter as an even stronger, more
competitive company,” said Hal Hickey, EXCO’s Chief Executive Officer and President. “Through the
restructuring process, we have significantly improved our capital structure and reduced our debt, and
our operations have progressed uninterrupted. EXCO is now better positioned to capitalize on our
strong asset base and operational expertise as we continue enhancing our business and serving our
customers, partners and other stakeholders.”

EXCO is now a privately-owned company and its shares are no longer available for trading on a public
exchange. The current management team remains in place. In accordance with the Restructuring Plan,
EXCO’s new five-member Board includes representatives from the holders of the Company’s newly
issued common stock. The new Board includes Rick Doman, David Dunn, Peter Furlan, Bill Transier and
C. John Wilder.

Mr. Hickey added, “Our successful emergence from this process is a testament to our former Board and
talented employees, whose continued focus on our operational initiatives enabled us to execute on our
drilling and completion activities while maintaining an exemplary safety record throughout this process.
I also want to thank our customers, business partners and lenders for their ongoing support. I am
honored to be part of this team and confident our new Board will be an asset to EXCO as we enter our
next stage of business development.”

Kirkland & Ellis LLP served as EXCO’s legal advisor in connection with the restructuring. Alvarez & Marsal
North America, LLC served as its restructuring advisor, and PJT Partners LP served as its financial advisor.

About EXCO Resources, Inc.

EXCO Resources, Inc. is an oil and natural gas exploration, exploitation, acquisition, development and
production company headquartered in Dallas, Texas with principal operations in Texas, North Louisiana
and the Appalachia region. EXCO’s headquarters are located at 12377 Merit Drive, Suite 1700, Dallas, TX
75251.

Forward-Looking Statements

This release may contain forward-looking statements relating to future financial results, business
expectations and business transactions. Actual results may differ materially from those predicted as a
result of factors over which EXCO has no control. Such factors include, but are not limited to: discussions
regarding EXCO’s restructuring, EXCO’s liquidity, sources of capital resources and ability to maintain
compliance with debt covenants, continued volatility in the oil and gas markets, the estimates of
reserves, commodity price changes, regulatory changes and general economic conditions. These risk
factors are included in EXCO’s reports on file with the SEC. Except as required by applicable law, EXCO
undertakes no obligation to publicly update or revise any forward-looking statements.

Language:

English

Contacts:

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

or

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

SOURCE EXCO Resources, Inc.

Related Links
www.excoresources.com

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.

Read More

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.

Read More

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”).

Read More

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.

Read More

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.

Read More

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.

    read more

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.

    read more

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.

    read more

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