11 Apr 2014securities registration● Neutral
EXCO RESOURCES INC filed a free-writing prospectus - marketing material for an offering in progress.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
8 Apr 2014securities registration● Neutral
EXCO RESOURCES INC filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
8 Apr 2014securities registration● Neutral
EXCO RESOURCES INC filed a prospectus supplement for an offering off its existing shelf.
25 Feb 2014quarterly activities report▼ Bad
EXCO RESOURCES INC reported a quarterly net loss of $122.9 million for the period ended 2013-12-31.
30 Jan 2014securities registration● Neutral
EXCO RESOURCES INC filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
24 Jan 2014securities registration● Neutral
EXCO RESOURCES INC amended a filing by which it filed notice of an exempt private placement.
21 Jan 2014capital raising announcement▲ GoodMajor
EXCO's rights offering closed, raising about $273 million through 54.6 million new shares; WL Ross and Hamblin Watsa took roughly $98 million and $34 million of that respectively, becoming major new shareholders alongside existing holders who also participated.
17 Jan 2014substantial holder notice● Neutral
Ares Corporate Opportunities Fund, L.P, ACOF EXCO, L.P, ACOF EXCO, ACOF Management, L.P, ACOF Operating Manager, L.P, Ares Corporate Opportunities Fund II, L.P, Ares EXCO, L.P, Ares EXCO, ACOF Management II, L.P, ACOF Operating Manager II, L.P, Ares Management LLC, Ares Partners Management Company LLC reported a EXCO RESOURCES INC shareholding of 11,268,963 shares (4.13% of votes) in a periodic institutional filing.
17 Jan 2014substantial holder notice● Neutral
WLR Recovery Fund IV XCO AIV I, L.P, WLR Recovery Fund IV XCO AIV II, L.P, WLR Recovery Fund IV XCO AIV III, L.P, WL Ross Group, L.P, El Vedado, LLC reported a EXCO RESOURCES INC shareholding of 51,104,050 shares (18.70% of votes) in a periodic institutional filing.
15 Jan 2014substantial 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 45,251,182 shares (16.60% of votes) in a periodic institutional filing.
17 Dec 2013securities registration● Neutral
EXCO RESOURCES INC filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
17 Dec 2013substantial holder notice● Neutral
WL Ross Group, L.P, El Vedado, LLC reported a EXCO RESOURCES INC shareholding of 31,504,077 shares (14.40% of votes) in a periodic institutional filing.
17 Dec 2013material agreement● NeutralMajor
EXCO launched the rights offering backstopped by WL Ross and Hamblin Watsa, letting existing shareholders buy 0.25 of a new share for each share they held.
9 Dec 2013securities registration● Neutral
EXCO RESOURCES INC filed notice of an exempt private placement.
25 Nov 2013substantial holder notice● Neutral
WL Ross Group, L.P, El Vedado, LLC reported a EXCO RESOURCES INC shareholding of 31,504,077 shares (14.40% of votes) in a periodic institutional filing.
25 Nov 2013capital raising announcement▲ GoodMajor
EXCO lined up Wilbur Ross's WL Ross funds and Fairfax Financial's Hamblin Watsa to backstop a rights offering to existing shareholders, bringing in two well-known value investors to help refinance the balance sheet after the TGGT sale.
21 Nov 2013asset acquisition disposition▲ GoodMajor
EXCO and BG Group closed the sale of TGGT Holdings to Azure Midstream for about $910 million (mostly cash plus a combined 7% stake in Azure); EXCO's roughly $240 million net proceeds went to pay down its credit facility, ending the four-year-old BG Group midstream partnership.
30 Oct 2013quarterly activities report▼ Bad
EXCO RESOURCES INC reported a quarterly net loss of $98.7 million for the period ended 2013-09-30.
30 Oct 2013quarterly activities report▼ Bad
EXCO RESOURCES INC reported a quarterly net loss of $98.7 million for the period ended 2013-09-30.
22 Oct 2013material agreement▲ GoodMajor
EXCO and BG Group agreed to sell their entire TGGT Holdings midstream joint venture (formed together in 2009) to Azure Midstream Holdings, beginning EXCO's exit from the East Texas/North Louisiana pipeline business it built with BG.
4 Sept 2013debt financing● Neutral
EXCO's credit agreement was amended again on a technical point - how borrowing-base usage is calculated - with no change to the facility's size.
26 Aug 2013substantial holder notice● Neutral
Ares Corporate Opportunities Fund, L.P, ACOF EXCO, L.P, ACOF EXCO, ACOF Management, L.P, ACOF Operating Manager, L.P, Ares Corporate Opportunities Fund II, L.P, Ares EXCO, L.P, Ares EXCO, ACOF Management II, L.P, ACOF Operating Manager II, L.P, Ares Management LLC, Ares Partners Management Company LLC reported a EXCO RESOURCES INC shareholding of 11,263,963 shares (5.18% of votes) in a periodic institutional filing.
23 Aug 2013debt financing● Neutral
EXCO amended its new credit agreement to replace the term loan commitment used to help fund the Eagle Ford acquisition, a technical follow-up to that deal's financing.
7 Aug 2013quarterly activities report● Neutral
EXCO RESOURCES INC reported a quarterly net income of $85.6 million for the period ended 2013-06-30.
6 Aug 2013asset acquisition disposition▲ GoodMajor
EXCO entered a new shale play, paying about $685 million to Chesapeake for Eagle Ford oil properties in Dimmit, Frio, La Salle and Zavala Counties, Texas (plus a 3-year option on 147,000 more acres), funded by a restated $1.6 billion credit facility and a same-day Participation Agreement that brought in a partner to help pay for it.
5 Aug 2013quarterly activities report● Neutral
EXCO RESOURCES INC reported a quarterly net income of $85.6 million for the period ended 2013-06-30.
16 July 2013asset acquisition disposition▲ GoodMajor
EXCO closed its purchase of the Chesapeake-affiliated Haynesville leases and wells in Caddo and DeSoto Parishes, Louisiana agreed to earlier in the month.
8 July 2013material agreement▲ GoodMajor
EXCO agreed to buy Haynesville shale leases and wells in Caddo and DeSoto Parishes, Louisiana from Chesapeake affiliates, adding to its core Haynesville position as Chesapeake shed non-core assets.
1 May 2013quarterly activities report● Neutral
EXCO RESOURCES INC reported a quarterly net income of $158.1 million for the period ended 2013-03-31.
1 May 2013quarterly activities report● Neutral
EXCO RESOURCES INC reported a quarterly net income of $158.1 million for the period ended 2013-03-31.