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New Issue-EXCO Resources sells $750 mln in notes
September 10, 2010 / 9:31 PM / 7 years ago

New Issue-EXCO Resources sells $750 mln in notes

  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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