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Strategies & Market Trends : Value Investing

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To: Jurgis Bekepuris who wrote (55707)	10/20/2015 9:32:25 AM
From: E_K_S	Read Replies (3) of 79147

RE: XCO - Senior Debt restructuring EXCO Resources Announces a Series of Transactions That Enhance Liquidity, Reduce Debt and Provide Credit Agreement Covenant Flexibility Issuing $591 Million Of 12.5% Senior Secured Second Lien Term Loans;Repurchasing $577 Million Of Unsecured Notes For $291 Million;Preserving $109 Million Of Additional Second Lien Debt Capacity; andAmending Credit Agreement Overall Effect: Reduces net debt by approximately 18%, extends weighted average debt maturity by 30%, and improves forward cash flow by approximately $146 million. -------------------------------------------------------------------------------- The remaining 50% of their 7.5% senior debt that matures 9/15/2018 has an excellent chance of being paid off in 9/2018. EKS

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