January 16, 2018 / 3:54 AM / a month ago

BRIEF-Exco Resources files voluntary petitions for Chapter 11

Jan 15 (Reuters) - Exco Resources Inc:

* EXCO RESOURCES, INC. FILES VOLUNTARY PETITIONS FOR CHAPTER 11 REORGANIZATION TO FACILITATE FINANCIAL RESTRUCTURING

* EXCO INTENDS TO OPERATE IN ORDINARY COURSE OF BUSINESS DURING RESTRUCTURING PROCESS​

* CO, SOME UNITS FILED PETITIONS FOR COURT-SUPERVISED REORGANIZATION UNDER CHAPTER 11 IN U.S. BANKRUPTCY COURT FOR DISTRICT OF TEXAS​

* HAS RECEIVED COMMITMENT OF $250 MILLION IN DIP FINANCING FROM CERTAIN EXISTING LENDERS INCLUDING FAIRFAX FINANCIAL HOLDINGS AND ITS AFFILIATES​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below