15 Feb 2019listing compliance notice▼ BadMajor
EXCO RESOURCES INC terminated the registration of a class of securities, ending its reporting obligation for them.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
31 Jan 2019securities registration● Neutral
EXCO RESOURCES INC amended an already-effective registration statement.
31 Jan 2019securities registration● Neutral
EXCO RESOURCES INC amended an already-effective registration statement.
31 Jan 2019securities registration● Neutral
EXCO RESOURCES INC amended an already-effective registration statement.
31 Jan 2019securities registration● Neutral
EXCO RESOURCES INC amended an already-effective registration statement.
31 Jan 2019securities registration● Neutral
EXCO RESOURCES INC amended an already-effective registration statement.
31 Jan 2019securities registration● Neutral
EXCO RESOURCES INC amended an already-effective registration statement.
23 Jan 2019material agreement▼ BadMajor
A year into its Chapter 11 case, EXCO extended its debtor-in-possession financing's maturity from 12 to 16 months after initial borrowing, since neither an event of default nor a confirmed plan of reorganization had yet ended the case.
13 Nov 2018quarterly activities report● Neutral
EXCO RESOURCES INC reported quarterly revenue of $98.6 million and net income of $3.7 million for the period ended 2018-09-30.
23 Oct 2018listing compliance notice▼ Bad
EXCO RESOURCES INC withdrew a registration statement, abandoning the offering it covered.
14 Aug 2018quarterly activities report● Neutral
EXCO RESOURCES INC reported quarterly revenue of $98.1 million and net income of $7.7 million for the period ended 2018-06-30.
5 July 2018substantial 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 reported a EXCO RESOURCES INC shareholding of 1,059,883 shares (4.90% of votes) in a periodic institutional filing.
28 June 2018substantial 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 reported a EXCO RESOURCES INC shareholding of 1,559,192 shares (7.20% of votes) in a periodic institutional filing.
8 June 2018substantial 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 reported a EXCO RESOURCES INC shareholding of 1,854,727 shares (8.60% of votes) in a periodic institutional filing.
15 May 2018quarterly activities report▼ Bad
EXCO RESOURCES INC reported quarterly revenue of $90.5 million and a net loss of $211.0 million for the period ended 2018-03-31.
30 Apr 2018substantial 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 reported a EXCO RESOURCES INC shareholding of 2,111,189 shares (9.80% of votes) in a periodic institutional filing.
1 Mar 2018material agreement● NeutralMajor
During its bankruptcy case, EXCO settled years of arbitration, litigation and mediation with BG Group (by then part of Shell, via its SWEPI affiliate) over their 2010 Appalachia/Marcellus joint venture, agreeing to wind up and terminate the partnership entirely.
25 Jan 2018debt financing● NeutralMajor
EXCO secured debtor-in-possession financing from its Chapter 11 lenders, with Fairfax's Hamblin Watsa - by now EXCO's largest secured creditor - acting as DIP agent, giving the company the liquidity to operate through the bankruptcy case.
17 Jan 2018bankruptcy or receivership▼ BadMajor
EXCO Resources and its subsidiaries filed for Chapter 11 bankruptcy protection on January 15, 2018 in the Southern District of Texas, immediately accelerating essentially all of its debt - its bank credit facility, its 2018/2022 unsecured notes and its 2017 secured notes - the culmination of a distress arc that ran from 2012's first credit-facility cuts through years of asset sales, PIK interest, debt exchanges and forbearance.
10 Jan 2018listing compliance notice● NeutralMajor
EXCO RESOURCES INC's exchange filed to remove a class of its securities from listing.
8 Jan 2018substantial 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 reported a EXCO RESOURCES INC shareholding of 2,701,035 shares (12.50% of votes) in a periodic institutional filing.
5 Jan 2018director interest notice● Neutral
EXCO RESOURCES INC 10%+ owner Wl Ross & CO LLC sold 293,900 shares.
5 Jan 2018director interest notice● Neutral
EXCO RESOURCES INC 10%+ owner Wl Ross & CO LLC sold 293,900 shares.
29 Dec 2017director interest notice● Neutral
EXCO RESOURCES INC 10%+ owner Wl Ross & CO LLC sold 390,000 shares.
29 Dec 2017director interest notice● Neutral
EXCO RESOURCES INC 10%+ owner Wl Ross & CO LLC sold 390,000 shares.
28 Dec 2017substantial 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 reported a EXCO RESOURCES INC shareholding of 2,994,935 shares (13.80% of votes) in a periodic institutional filing.
27 Dec 2017director interest notice● Neutral
EXCO RESOURCES INC 10%+ owner Wl Ross & CO LLC sold 22,011 shares.
27 Dec 2017listing compliance notice▼ BadMajor
EXCO received another NYSE noncompliance notice just days after entering forbearance agreements with its creditors, underscoring how dire its position had become heading into 2018.
27 Dec 2017director interest notice● Neutral
EXCO RESOURCES INC 10%+ owner Wl Ross & CO LLC sold 22,011 shares.
21 Dec 2017material agreement▼ BadMajor
EXCO entered forbearance agreements with holders of about 87% of its 2017 secured notes, its 1.75-lien lenders and its bank group, pausing potential defaults while it negotiated a restructuring - and lined up debtor-in-possession financing in case it filed for Chapter 11, though it said no filing decision had been made yet.