All posts by Mark Kendall

EXCO Resources Announces Closing of Second Lien Term Loan and Note Repurchase

Dateline City:
DALLAS

DALLAS–(BUSINESS WIRE)–EXCO Resources, Inc. (NYSE:XCO) (“EXCO” or the “Company”) today
announced that it had closed the funding of its previously announced
12.5% Senior Secured Second Lien Term Loan in the aggregate principal
amount of approximately $109 million (the “Exchange Term Loan”).

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 Regains Compliance with NYSE Minimum Price Listing Standard

Dateline City:
DALLAS

DALLAS–(BUSINESS WIRE)–EXCO Resources, Inc. (NYSE:XCO) (“EXCO” or the “Company”) today
announced that on November 2, 2015, EXCO was notified by the New York
Stock Exchange (“NYSE”) that the Company has regained compliance with
the NYSE’s continued listing standards because the price of the
Company’s common shares was above $1.00 per share both on the last
trading day of October and for the average share price over the 30
trading days preceding October 30, 2015.

Language:
English
Contact:

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

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

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EXCO Resources Announces Additional Transactions That Reduce Debt

Dateline City:
DALLAS
  • Issuing $109 Million Of 12.5% Senior Secured Second Lien Term Loans;
  • Repurchasing $252 Million Of Unsecured Notes For $109 Million;
  • Utilizing Full Second Lien Debt Capacity;
  • Preserving $125 Million Of Junior Lien Debt Capacity; and
  • Inclusive Of Previously Announced Transactions, Reducing Senior Unsecured Notes By $828 Million And Total Debt By $413 Million

DALLAS–(BUSINESS WIRE)–EXCO Resources, Inc. (NYSE:XCO) (“EXCO” or the “Company”) today
announced that it has entered into additional transactions (the
“Additional Transactions”) as the Company continues to enhance its
balance sheet as part of its ongoing strategic improvement plan
(“Strategic Plan”).

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

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EXCO Resources Announces Closing of Second Lien Term Loans and Note Repurchase

Dateline City:
DALLAS

DALLAS–(BUSINESS WIRE)–EXCO Resources, Inc. (NYSE:XCO) (“EXCO” or the “Company”) today
announced that it had closed the funding of its previously announced
12.5% Senior Secured Second Lien Term Loan in the aggregate principal
amount of $300 million (the “Fairfax Term Loan”) and its 12.5% Senior
Secured Second Lien Term Loan in the aggregate principal amount of $291
million (the “Exchange Term Loan,” and together with the Fairfax Term
Loan, the “Second Lien Term Loans”).

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 Announces a Series of Transactions That Enhance Liquidity, Reduce Debt and Provide Credit Agreement Covenant Flexibility

Dateline City:
DALLAS
  • Issuing $591 Million Of 12.5% Senior Secured Second Lien Term Loans;
  • Repurchasing $577 Million Of Unsecured Notes For $291 Million;
  • Preserving $109 Million Of Additional Second Lien Debt Capacity; and
  • Amending Credit Agreement

Overall Effect: Reduces net debt by approximately 18%, extends weighted average debt maturity by 30%, and improves forward cash flow by approximately $146 million.

DALLAS–(BUSINESS WIRE)–EXCO Resources, Inc. (NYSE:XCO) (“EXCO” or the “Company”) today
announced that it has entered into agreements for a series of
transactions that are expected to significantly enhance its balance
sheet and substantially increase its financial flexibility as part of
its ongoing strategic improvement plan (“Strategic Plan”).

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 Releases June 30, 2015 Interim Reserve Information

Dateline City:
DALLAS

DALLAS–(BUSINESS WIRE)–EXCO Resources, Inc. (NYSE:XCO) (the “Company” or “EXCO”) today released
interim reserve information, which presents the Company’s estimated
proved reserves and the present value of estimated future net revenues
as of June 30, 2015 (the “Interim Reserve Update”). The proved reserves
and PV-10 data in the Interim Reserve Update were based on June 30, 2015
NYMEX futures prices, in each case adjusted for geographical and
historical differentials.

Language:
English
Contact:

EXCO Resources, Inc.
Chris Peracchi, 214-368-2084
www.excoresources.com

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

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EXCO Resources, Inc. Schedules Earnings Release and Conference Call

Dateline City:
DALLAS

DALLAS–(BUSINESS WIRE)–EXCO Resources, Inc. (NYSE: XCO) today announced that it will be
releasing third quarter 2015 results on Tuesday, October 27, 2015, after
market close.

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 Announces Mailing of Definitive Proxy Materials for November 16, 2015 Special Meeting

Dateline City:
DALLAS

DALLAS–(BUSINESS WIRE)–EXCO Resources, Inc. (NYSE:XCO) (“EXCO”) today announced that it has
commenced mailing definitive proxy materials in connection with its
upcoming special meeting of shareholders, which will take place on
Monday, November 16, 2015 at 2:00 p.m., central time, at EXCO’s
corporate office located at 12377 Merit Drive, First Floor Conference
Center, Dallas, Texas. Shareholders of record as of September 30, 2015
are entitled to vote their common shares at the special meeting and may
begin submitting their proxies.

Language:
English
Contact:

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

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

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EXCO Announces Special Meeting of Shareholders to Be Held on November 16, 2015

Dateline City:
DALLAS

DALLAS–(BUSINESS WIRE)–EXCO Resources, Inc. (NYSE:XCO) (“EXCO”) today announced that it will
hold a special meeting of shareholders on Monday, November 16, 2015 at
2:00 p.m., central time, at EXCO’s corporate office located at 12377
Merit Drive, First Floor Conference Center, Dallas, Texas.

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