DALLAS–(BUSINESS WIRE)–EXCO Resources, Inc. (NYSE:XCO) (“EXCO” or the “Company”) today announced a series of transactions that will significantly improve its capital structure, including the issuance of $300 million in aggregate principal amount of senior secured 1.5 lien notes due March 20, 2022 (“1.5 Lien Notes”) and the exchange of approximately $683 million of senior secured second lien term loans due October 26, 2020 (“Second Lien Term Loans”) for a like amount of senior secured 1.75 lien term loans due October 26, 2020 (“1.75 Lien Term Loans”).

read more