EXCO Resources, Inc. Announces Offering of Senior Notes

EXCO RESOURCES, INC. XCO today announced that, subject to market conditions, it intends to publicly offer $750,000,000 aggregate principal amount of Senior Notes due 2018. The offering and sale of the Senior Notes is pursuant to an automatic shelf registration statement on Form S-3 filed today with the Securities and Exchange Commission. EXCO intends to use a portion of the net proceeds from the offering to redeem all $444.7 million in aggregate principal amount of its outstanding 7¼% Senior Notes due 2011 in accordance with the terms of the indenture under which those notes were issued and the remaining proceeds to pay down a portion of the outstanding balance under EXCO’s credit agreement.