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Featured Financial News

  • March 16, 2017

    EXCO Resources, Inc. (NYSE: XCO) (“EXCO” or the "Company") today announced fourth quarter and full year operating and financial results for 2016.

  • March 15, 2017
    Highlights Issued $300 million in 1.5 Lien Notes that include the option to pay interest in-kind in common shares or additional debt. Proceeds from issuance were primarily utilized to repay all outstanding indebtedness under the Credit Agreement; Exchanged $683 million of Second Lien Term Loans for a like amount of 1.75 Lien Term Loans that include the option to pay interest in-kind in common shares or additional debt; Increased pro forma liquidity by $116 million, calculated as cash plus the available borrowing capacity under the Credit Agreement; Reduced potential cash interest payments up to $109 million per year, or $433 million through maturity, with option to pay interest in common shares or additional debt on 1.5 Lien Notes and 1.75 Lien Term Loans, subject to certain restrictions; Amended Credit Agreement to establish a borrowing base of $150 million, permit the issuance of the 1.5 Lien Notes and the 1.75 Lien Term Loans, and modify certain financial covenants; and Established structural liquidity to deploy capital towards EXCO's portfolio of drilling opportunities with high rates of return and financial flexibility to pursue additional liability management initiatives.

    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...

  • March 9, 2017

    EXCO Resources, Inc. (NYSE: XCO) today announced that it is rescheduling the release of its fourth quarter and full year 2016 results and conference call and expects to reschedule the earnings call in the near future. The Company is working on certain refinancing transactions...

  • March 8, 2017

    EXCO Resources, Inc. (NYSE: XCO) today announced that it will be releasing fourth quarter and full year 2016 results on Thursday, March 9, 2017, after the market closes.

  • March 3, 2017

    EXCO Resources, Inc. (NYSE:XCO) (“EXCO” or the “Company”) today announced the resignation of Wilbur L. Ross from the Company’s Board of Directors (the “Board”) and the appointment of Anthony R. Horton and Stephen J. Toy to the Board.

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