News Column

EXCO Resources Rolls Out Results of Rights Offering

January 29, 2014

EXCO Resources, Inc. announced the preliminary results of its previously announced $273 million rights offering and related transactions under exercise commitment agreements with certain shareholders of the Company. In a release on Jan. 17 , EXCO said that of the approximately 54.5 million total shares of common stock expected to be issued, it believes that approximately 28.2 million shares will be issued in the rights offering and approximately 19.6 million shares and 6.7 million shares will be issued to affiliates of WL Ross & Co. and affiliates of Hamblin Watsa Investment Counsel, respectively, under their respective Investment Agreements. After giving effect to the rights offering and the Investment Agreements, EXCO expects to have 272,820,969 shares of common stock outstanding. The rights offering and the related transactions under the Investment Agreements were expected to close on Friday, Jan. 17 . EXCO Resources is an oil and natural gas exploration, exploitation, development and production company headquartered in Dallas, Texas , with principal operations in Texas , North Louisiana , and Appalachia. More information: www.excoresources.com ((Comments on this story may be sent to newsdesk@closeupmedia.com ))


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