EXCO Resources Inc.

EXCO Resources Inc. (NYSE:XCO) (“EXCO”) today announced the commencement of a consent solicitation to holders of its outstanding 7.500% senior notes due 2018 (the “Notes”) upon the terms and subject to the conditions set forth in the Consent Solicitation Statement dated November 10, 2015 (the “Statement”). Proposed Amendments and Considerations The purpose of the consent solicitation is [...]

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”). Simultaneously with the funding of the Exchange Term Loan and pursuant to a series of purchase agreements, the Company [...]

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 [...]

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”). EXCO has entered into agreements with certain unsecured noteholders (the “Noteholders&rdquo [...]

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 [...]

EXCO Resources Inc. (NYSE: XCO) (“EXCO” or the "Company") today announced operating and financial results for the third quarter 2015. 2015 Third Quarter Highlights Drilled 9 gross (5.2 net) and turned-to-sales 9 gross (4.6 net) operated horizontal wells in the third quarter 2015, consistent with the capital budget. Produced 340 Mmcfe per day, or 31 Bcfe, for the third quarter 2015, at the low-end of guidance [...]

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”). EXCO has executed an agreement with subsidiaries of Fairfax [...]

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 [...]

EXCO Resources Inc. (NYSE: XCO) today announced that it will be releasing third quarter 2015 results on Tuesday, October 27, 2015, after market close. EXCO will host a conference call on Wednesday, October 28, 2015, at 9:00 a.m. (Central Time) to discuss the contents of this release and respond to questions. Please call (800) 309-5788 if you wish to participate, and ask for the EXCO conference call ID# 24918640. The [...]

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 [...]