EXCO Resources, Inc. Operating in the Ordinary Course During Chapter 11 Restructuring Process
On January 15, 2018, EXCO Resources, Inc. (“EXCO”) filed voluntary petitions for a court-supervised reorganization under Chapter 11 of the United States Bankruptcy Code in order to facilitate a restructuring of its balance sheet.
EXCO continues to engage in constructive discussions with its creditor constituencies regarding the terms of a financial restructuring plan. In conjunction with this process, EXCO will explore potential strategic alternatives to maximize value for the benefit of its stakeholders, including the marketing of EXCO’s assets, which may result in a sale of certain or substantially all of its assets under Section 363 of the Bankruptcy Code or as part of plan of reorganization.
As EXCO moves through this court-supervised process, it intends to operate by-and-large in the ordinary course of business. EXCO remains committed to maintaining the strong relationships it has with stakeholders, including its service providers and business partners, as it strengthens the Company’s balance sheet.
- EXCO Resources, Inc. Files Voluntary Petitions for Chapter 11 Reorganization To Facilitate Financial Restructuring
Frequently Asked Questions
- Information is available by calling (800) 683-4332
- Court filings and other information related to the court-supervised proceedings are available on a separate website administered by EXCO’s claims agent, Epiq Systems, at http://dm.epiq11.com/EXCO.
- Tyler Farquharson
Vice President, Chief Financial Officer and Treasurer
- Michael Freitag / Aura Reinhard / Torrey Leroy
Joele Frank, Wilkinson Brimmer Katcher