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