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EXCO Resources, Inc. Announces Final Results and Expiration of its Tender Offer and Consent Solicitation

Dateline City:
DALLAS

DALLAS–(BUSINESS WIRE)–EXCO Resources, Inc. (NYSE:XCO) (“EXCO”) today announced the final results and expiration of the previously announced cash tender offer (the “Tender Offer”) for EXCO’s outstanding 7.500% Senior Notes due 2018 (the “2018 Notes”) and EXCO’s outstanding 8.500% Senior Notes due 2022 (the “2022 Notes” and together with the 2018 Notes, the “Notes”) and the consent solicitation (the “Consent Solicitation”) to amend certain terms of the indenture governing the 2022 Notes (the “2022 Notes Indenture”).

Language:
English
Contact:

EXCO Resources, Inc.
Chris Peracchi, 214-368-2084
Vice President of Finance and Investor Relations, and Treasurer
www.excoresources.com

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

 

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EXCO Resources, Inc. Announces Management Changes

Dateline City:
DALLAS

DALLAS–(BUSINESS WIRE)–EXCO Resources, Inc. (NYSE:XCO) (“EXCO”) today announced changes to its management team. Chris Peracchi, EXCO’s current Vice President of Finance and Investor Relations, and Treasurer, will become Vice President and acting Chief Financial Officer effective August 22, 2016 following the departure of Richard A. Burnett, EXCO’s current Vice President and Chief Financial Officer.

Language:
English
Contact:

EXCO Resources, Inc.
Chris Peracchi, 214-368-2084
Vice President of Finance and Investor Relations, and Treasurer
www.excoresources.com

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

 

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EXCO Resources, Inc. Announces Early Tender Offer Results for Its 7.500% Senior Notes Due 2018 and 8.500% Senior Notes Due 2022 and Receipt of Consents to Amend the Indenture Governing Its 8.500% Senior Notes Due 2022

Dateline City:
DALLAS

DALLAS–(BUSINESS WIRE)–EXCO Resources, Inc. (NYSE:XCO) (“EXCO”) today announced the early tender results of the previously announced cash tender offer (the “Tender Offer”) for EXCO’s outstanding 7.500% Senior Notes due 2018 (the “2018 Notes”) and EXCO’s outstanding 8.500% Senior Notes due 2022 (the “2022 Notes” and together with the 2018 Notes, the “Notes”) and the consent solicitation (the “Consent Solicitation”) to amend certain terms of the indenture governing the 2022 Notes (the “2022 Notes Indenture”).

Language:
English
Contact:

EXCO Resources, Inc.
Chris Peracchi, 214-368-2084
Vice President of Finance and Investor Relations, and Treasurer
www.excoresources.com

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

 

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EXCO Resources, Inc. Reports Second Quarter 2016 Results

Dateline City:
DALLAS

DALLAS–(BUSINESS WIRE)–EXCO Resources, Inc. (NYSE: XCO) (“EXCO” or the “Company”) today announced operating and financial results for the second quarter 2016.

Language:
English
Contact:

EXCO Resources, Inc.
Chris Peracchi, 214-368-2084
Vice President of Finance and Investor Relations, and Treasurer
www.excoresources.com

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

 

    read more

 

EXCO Resources, Inc. Announces Tender Offer and Consent Solicitation to Holders of Senior Notes

Dateline City:
DALLAS

DALLAS–(BUSINESS WIRE)–EXCO Resources, Inc. (NYSE:XCO) (“EXCO”) today announced the commencement of a cash tender offer (the “Tender Offer”) for EXCO’s outstanding 7.500% Senior Notes due 2018 (the “2018 Notes”) and EXCO’s outstanding 8.500% Senior Notes due 2022 (the “2022 Notes” and together with the 2018 Notes, the “Notes”). The combined amount of 2018 Notes and 2022 Notes tendered is subject to a cap of $40 million (the “Maximum Tender Cap”) on the aggregate price paid for both series of Notes combined, excluding accrued interest and the Consent Payment (as defined below). EXCO’s credit agreement (the “Revolving Credit Facility”) only permits repurchases of the Notes to the extent EXCO maintains a minimum liquidity (equal to available commitments under the Revolving Credit Facility plus unrestricted cash) of at least $150 million. The Maximum Tender Cap is based on an amount calculated by EXCO to comply with such limitations. In conjunction with the Tender Offer, EXCO is soliciting consents (“Consents”) from registered holders (“Holders”) of the 2022 Notes (the “Consent Solicitation”) to amend certain terms of the indenture governing the 2022 Notes (the “2022 Notes Indenture”).

Language:
English
Contact:

EXCO Resources, Inc.
Chris Peracchi, 214-368-2084
Vice President of Finance and Investor Relations, and Treasurer
www.excoresources.com

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

 

    read more

 

EXCO Resources, Inc. Streamlines Board Of Directors With Concentrated Equity Ownership

Dateline City:
DALLAS

DALLAS–(BUSINESS WIRE)–EXCO Resources, Inc. (NYSE:XCO) (“EXCO” or the “Company”) today reiterated its commitment to improving its financial flexibility and enhancing long-term value for shareholders through the continued execution of a comprehensive consensual restructuring program (the “Restructuring Program”). EXCO currently has approximately $250 million of liquidity and, after giving effect to the reduction of its 2016 capital budget to $85 million, the Company expects liquidity utilization to average $10 million per month during 2016. EXCO has no debt maturities prior to July 2018.

Language:
English
Contact:

EXCO Resources, Inc.
Chris Peracchi, 214-368-2084
Vice President of Finance and Investor Relations, and Treasurer
www.excoresources.com

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

 

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EXCO Resources, Inc. Announces Adjournment Of Annual Meeting And Updated Slate Of Directors For Election At The Annual Meeting

Dateline City:
DALLAS

DALLAS–(BUSINESS WIRE)–EXCO Resources, Inc. (NYSE:XCO) (“EXCO” or the “Company”) today announced that, in order to provide shareholders with additional time to review and consider the below information, EXCO has adjourned the 2016 Annual Meeting of Shareholders (the “Annual Meeting”) until 12:00 p.m., central time, on Monday, May 23, 2016 at EXCO’s headquarters, 12377 Merit Drive, Suite 1700, Dallas, TX 75251.

Language:
English
Contact:

EXCO Resources, Inc.
Chris Peracchi, 214-368-2084
Vice President of Finance and Investor Relations, and Treasurer
www.excoresources.com

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

 

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EXCO Resources, Inc. Announces the Formation of Special Committee of Directors to Explore Strategic Alternatives

Dateline City:
DALLAS

DALLAS–(BUSINESS WIRE)–EXCO Resources, Inc. (NYSE:XCO) (“EXCO” or the “Company”) today announced that its Board of Directors has formed a Special Committee (the “Special Committee”) to, among other things, assess the Company’s operating and financial situation and to evaluate, develop and recommend one or more strategic alternatives.

Language:
English
Contact:

EXCO Resources, Inc.
Chris Peracchi, 214-368-2084
Vice President of Finance and Investor Relations, and Treasurer
www.excoresources.com

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

 

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EXCO Resources, Inc. Reports First Quarter 2016 Results

Dateline City:
DALLAS

DALLAS–(BUSINESS WIRE)–EXCO Resources, Inc. (NYSE:XCO) (“EXCO” or the “Company”) today announced operating and financial results for the first quarter 2016.

Language:
English
Contact:

EXCO Resources, Inc.
Chris Peracchi, 214-368-2084
Vice President of Finance and Investor Relations, and Treasurer
www.excoresources.com

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

 

    read more

 

EXCO Resources, Inc. Announces Management Changes

Dateline City:
DALLAS

DALLAS–(BUSINESS WIRE)–EXCO Resources, Inc. (NYSE:XCO) (“EXCO” or the “Company”) today announced changes to its management team. Effective April 15, 2016, William L. Boeing, EXCO’s current Vice President, General Counsel and Secretary, will resign from EXCO and W. Justin Clarke will be promoted to the position of Vice President, General Counsel and Secretary.

Language:
English
Contact:

EXCO Resources, Inc.
Chris Peracchi, 214-368-2084
Vice President of Finance and Investor Relations, and Treasurer
www.excoresources.com

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

 

    read more