12 Aug 2016director interest notice● Neutral
EXCO RESOURCES INC director Ocm Principal Opportunities Fund IV Delaware, L.P. sold 7,400,000 shares.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
12 Aug 2016substantial holder notice● Neutral
OCM Principal Opportunities Fund IV Delaware, L.P, OCM Principal Opportunities Fund IV Delaware GP Inc, OCM Principal Opportunities Fund IV, L.P, OCM Principal Opportunities Fund IV GP, L.P, OCM Principal Opportunities Fund IV GP Ltd, OCM Principal Opportunities Fund III, L.P, OCM Principal Opportunities Fund IIIA, L.P, OCM Principal Opportunities Fund III GP, L.P, Oaktree Fund GP I, L.P, Oaktree Capital I, L.P, OCM Holdings I, LLC, Oaktree Holdings, LLC, OCM EXCO Holdings, LLC, Oaktree Holdings, Inc, Oaktree Capital Group, LLC, Oaktree Capital Group Holdings GP, LLC, Oaktree Value Opportunities Fund Holdings, L.P, Oaktree Value Opportunities Fund GP, L.P, Oaktree Value Opportunities Fund GP Ltd reported a EXCO RESOURCES INC shareholding of 37,859,932 shares (13.40% of votes) in a periodic institutional filing.
12 Aug 2016director interest notice● Neutral
EXCO RESOURCES INC director Oaktree Value Opportunities Fund Holdings, L.P. sold 7,400,000 shares.
12 Aug 2016director interest notice● Neutral
EXCO RESOURCES INC director Ocm Exco Holdings, LLC sold 7,400,000 shares.
10 Aug 2016material agreement● NeutralMajor
EXCO bought back $101.3 million of its 8.5% 2022 notes through a cash tender offer (its 2018 notes drew no accepted tenders) and amended the 2022 notes' indenture to allow more secured debt ahead - continued balance-sheet triage after the 2015 debt exchanges.
3 Aug 2016quarterly activities report▼ Bad
EXCO RESOURCES INC reported a quarterly net loss of $111.3 million for the period ended 2016-06-30.
2 Aug 2016quarterly activities report▼ Bad
EXCO RESOURCES INC reported a quarterly net loss of $111.3 million for the period ended 2016-06-30.
27 July 2016material agreement▲ GoodMajor
EXCO confidentially settled its litigation with KKR-affiliated entities over the 2013 Eagle Ford participation agreement, with both sides releasing all claims and signing an amended and restated version of the agreement.
7 July 2016director interest notice● Neutral
EXCO RESOURCES INC CFO & Vice President Richard Alan Burnett sold 32,839 shares at $1.21.
7 July 2016director interest notice● Neutral
EXCO RESOURCES INC Chief Operating Officer Harold H Jameson sold 29,799 shares at $1.21.
7 July 2016director interest notice● Neutral
EXCO RESOURCES INC CEO & President Harold L Hickey sold 71,356 shares at $1.21.
1 July 2016director interest notice● Neutral
EXCO RESOURCES INC CEO & President Harold L Hickey received a stock option grant for 2,222,222 shares.
1 July 2016director interest notice● Neutral
EXCO RESOURCES INC Chief Operating Officer Harold H Jameson received a stock option grant for 1,055,556 shares.
1 July 2016director interest notice● Neutral
EXCO RESOURCES INC VP and Chief Financial Officer Richard Alan Burnett received a stock option grant for 1,055,556 shares.
13 June 2016director interest notice● Neutral
EXCO RESOURCES INC CFO & Chief Accounting Officer Richard Alan Burnett sold 111,203 shares at $1.16.
31 May 2016listing compliance notice▼ BadMajor
Two EXCO directors, including the board's sole qualifying audit-committee financial expert, were forced to give up their board seats after the company determined shareholders would vote to remove them - leaving the audit committee under the NYSE's required minimum and triggering a separate governance-related listing deficiency notice.
19 May 2016director interest notice● Neutral
EXCO RESOURCES INC Chief Operating Officer Harold H Jameson sold 4,817 shares at $0.72.
4 May 2016quarterly activities report▼ Bad
EXCO RESOURCES INC reported a quarterly net loss of $130.1 million for the period ended 2016-03-31.
3 May 2016quarterly activities report▼ Bad
EXCO RESOURCES INC reported a quarterly net loss of $130.1 million for the period ended 2016-03-31.
1 Mar 2016listing compliance notice▼ BadMajor
Alongside its full-year 2015 results, EXCO disclosed a much more serious NYSE warning: its shares had traded below the $1.00 minimum average price for 30 straight days, starting a six-month clock to regain compliance or face delisting.
8 Feb 2016quarterly activities report▼ Bad
EXCO RESOURCES INC reported a quarterly net loss of $65.6 million for the period ended 2015-12-31.
23 Dec 2015substantial holder notice● Neutral
Energy Strategic Advisory Services LLC, Bluescape Resources Company LLC, Charles John Wilder, Jr disclosed a new substantial EXCO RESOURCES INC shareholding (5.74% of votes).
8 Dec 2015securities registration● Neutral
EXCO RESOURCES INC registered a securities offering with the SEC using its shelf eligibility.
25 Nov 2015material agreement▼ BadMajor
EXCO amended its 2018 notes indenture following a bondholder consent vote tied to the recent debt exchanges, and separately disclosed that KKR-affiliated entities - EXCO's partner under the 2013 Eagle Ford participation agreement - had accused it of breaching that agreement over a proposed $42.7 million sale of 21 wells, which EXCO said it would contest.
4 Nov 2015material agreement▼ BadMajor
EXCO closed the follow-on exchange, retiring about $175 million of its 2018 notes and $76 million of its 2022 notes in return for noteholders advancing roughly $109 million in new secured debt - cutting total debt somewhat, but only by giving remaining creditors a senior secured claim ahead of the old unsecured bonds.
2 Nov 2015debt financing▼ BadMajor
More noteholders agreed to swap their unsecured EXCO bonds for about $109 million of additional secured second-lien term loans, extending the same distressed debt exchange to a wider group of creditors.
28 Oct 2015quarterly activities report▼ Bad
EXCO RESOURCES INC reported a quarterly net loss of $354.5 million for the period ended 2015-09-30.
27 Oct 2015material agreement▼ BadMajor
EXCO closed both new second-lien term loans - $300 million from Fairfax and $291 million from noteholders exchanging their unsecured bonds - completing the debt restructuring announced the week before.
27 Oct 2015quarterly activities report▼ Bad
EXCO RESOURCES INC reported a quarterly net loss of $354.5 million for the period ended 2015-09-30.
21 Oct 2015debt financing▼ BadMajor
EXCO took on $300 million in new secured second-lien debt from Fairfax Financial (through Hamblin Watsa) at 12.5% interest - Fairfax's move from equity holder to secured lender - and separately let holders of its unsecured 2018/2022 notes trade into similarly secured second-lien loans, a distressed debt restructuring as its bank credit line kept shrinking.