New Issue-EXCO Resources sells $750 mln in notes

Fri Sep 10, 2010 5:29pm EDT

  Sept 10 (Reuters) - EXCO Resources Inc (XCO.N) on Friday
sold $750 million of senior notes, said IFR, a Thomson Reuters
service.
  JP Morgan, Bank of America Merrill Lynch, BNP Paribas, RBC
and Wells Fargo Securities were the joint bookrunning managers
for the sale.
BORROWER: EXCO RESOURCES INC
AMT $750 MLN      COUPON 7.50 PCT     MATURITY 9/15/2018 
TYPE SR NTS       ISS PRICE 98.53     FIRST PAY 3/15/2011
MOODY'S B3        YIELD 7.75 PCT      SETTLEMENT 9/15/2010
S&P SINGLE-B      SPREAD 535 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE 4 YRS*
*MAKE-WHOLE CALL 50 BPS                                  

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