Fifth Joint Amended Reorganization Plan Filed by EXCO Resources, Inc.
March 08, 2019 at 05:00 am
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EXCO Resources, Inc., along with its affiliates, filed fifth amended joint plan of reorganization in the US Bankruptcy Court on March 8, 2019. As per the amended plan filed, Other Secured Claims of $7.01 million recovery 100% under plan, Other Priority Claims will be zero, 1.5 Lien Notes Claims of $317 and Secured 1.75 Lien Term Loan Facility Claims shall recover in full and final satisfaction, settlement on pro rata basis. Second Lien Term Loan Facility Claims of $18.5 million shall recover Unsecured 1.75 Lien Term Loan Facility Claims shall recover in full and final satisfaction, settlement on pro rata basis, Unsecured Notes Claims of $206.5 million and GUC Claims of $160.1 million shall recover in full and final satisfaction, settlement on pro rata basis. There is no change in the treatment of any other claim class.
EXCO Resources, Inc. is an independent oil and natural gas company. The Company is engaged in the exploration, exploitation, acquisition, development and production of onshore United States oil and natural gas properties with a focus on shale resource plays. Its principal operations are conducted in certain United States oil and natural gas areas, including Texas, Louisiana, and the Appalachia region. Its producing regions include East Texas and North Louisiana, South Texas, and Appalachia. The East Texas and North Louisiana regions are primarily comprised of its Haynesville and Bossier shale assets. It serves as the operator for most of its properties in the East Texas and North Louisiana regions. The South Texas region is primarily comprised of its Eagle Ford shale assets. Its position in this region includes approximately 48,500 net acres. It serves as the operator for most of its properties in the South Texas region. The Appalachia region is comprised of its Marcellus shale assets.
EXCO RESOURCES, INC. 
