Key Developments: EXCO Resources Inc (XCO.N)

XCO.N on New York Stock Exchange

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4 May 2015
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Latest Key Developments (Source: Significant Developments)

EXCO Resources Inc declares quarterly cash dividend
Monday, 10 Mar 2014 04:18pm EDT 

EXCO Resources Inc:Declared a first quarter cash dividend of $0.05 per share.Payable on March 31 to holders of record on March 20.  Full Article

EXCO Resources Inc reaffirms FY 2014 EBITDA guidance; gives Q1 2014 EBITDA guidance below analysts' estimates; issues Q1 2014 production guidance - Conference call
Wednesday, 26 Feb 2014 10:00am EST 

EXCO Resources Inc:Confirms the previously announced fiscal 2014 adjusted EBITDA guidance of $400 million to $425 million.Projects first quarter 2014 adjusted EBITDA to be $105 million to $110 million with a production midpoint of 405 Mmcfe per day.First quarter 2014 EBITDA of $115 million - Thomson Reuters I/B/E/S.  Full Article

EXCO Resources Inc announces closing of rights offering
Friday, 17 Jan 2014 05:54pm EST 

EXCO Resources Inc:Closes its previously announced $273 mln rights offering and related transactions under exercise commitment agreements with certain shareholders of the company.Says of the approximately 54.5 mln total shares of common stock issued, about 28.2 mln shares were issued in the rights offering.Says about19.6 mln shares and 6.7 mln shares were issued to affiliates of WL Ross & Co. LLC and affiliates of Hamblin Watsa Investment Counsel Ltd., respectively, under their respective investment agreements.Says after giving effect to the rights offering and the Investment Agreements, EXCO has 272,820,969 shares of common stock outstanding.Receives net proceeds of about $272 mln, after deducting estimated expenses.Says it used about $28.9 mln of the proceeds to fully repay indebtedness related to the Asset Sale Requirement under the EXCO Resources Credit Agreement.Says and about $243.2 mln of the proceeds to repay indebtedness related to the revolving commitment under the EXCO Resources Credit Agreement.  Full Article

EXCO Resources Inc commences right offering - Form 8-K
Tuesday, 17 Dec 2013 09:26am EST 

EXCO Resources Inc:Says on Dec. 17, it filed a Registration Statement on Form S-3 with the Securities and Exchange Commission (SEC) and commenced its previously announced rights offering.Says under the terms of the Rights Offering, the company will grant to holders of common stock as on the record date of Dec. 19, at no charge, one transferable subscription right to purchase 0.25 of a share of its common stock for each share of common stock owned by such holders on the record date.Says each subscription right will entitle the holder to a basic subscription right and an over-subscription privilege.Says the basic subscription right entitles the holder to purchase 0.25 of a share of the company’s common stock at a subscription price equal to $5.00 per share of common stock.  Full Article

EXCO Resources Inc gives FY 2014 EBITDA guidance below analysts' estimates
Tuesday, 17 Dec 2013 07:26am EST 

EXCO Resources Inc:Sees FY 2014 adjusted EBITDA in the range of $400 mln to $425 mln.FY 2014 EBITDA of $511 mln - Thomson Reuters I/B/E/S.  Full Article

EXCO Resources Inc Intends to Conduct Rights Offering
Monday, 25 Nov 2013 07:00am EST 

EXCO Resources Inc:Says it intends to conduct a rights offering, which will allow the company to raise equity capital through the sale of its common shares.Certain terms of the rights and the record date to determine those shareholders entitled to receive the rights will be announced at a later date.In connection with this offering, the company anticipates that it will distribute, at no charge, to its common shareholders, one subscription right for every four shares of common stock held of record as of the record date.Each subscription right will entitle the holder thereof to purchase one common share at a cash subscription price of $5.00 per share.If all of the rights are exercised, the Company would raise approximately $272.9 million.  Full Article

EXCO Resources Inc Announces Management Change; Declares Fourth Quarter Cash Dividend
Thursday, 21 Nov 2013 09:00am EST 

EXCO Resources Inc (EXCO) announced that Douglas H. Miller has resigned from his positions as Chairman of the Board and Chief Executive Officer as well as from EXCO`s Board of Directors effective as of November 20, 2013. The Board of Directors has appointed Jeffrey D. Benjamin, a long-time investor in EXCO and an independent member of EXCO`s Board of Directors, to serve as Non-Executive Chairman of the Board of Directors. The Board of Directors also declared a fourth quarter cash dividend of $0.05 per share. The dividend is payable on December 16, 2013 to holders of record on December 2, 2013.  Full Article

EXCO Resources Inc Issues Q4 2013 EBITDA Guidance Below Analysts' Estimates; Lowers FY 2013 EBITDA Guidance-Conference Call
Wednesday, 30 Oct 2013 02:00pm EDT 

EXCO Resources Inc announced that for fourth quarter of 2013, it expects about a 12% increase in adjusted EBITDA to a level of midpoint of $121 million. For fiscal 2013, it expects EBITDA at midpoint about $415 million so say a range of $410 million to $420 million, which is lower than last update. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EBITDA of $133 million for fourth quarter of 2013 and EBITDA of $444 million for fiscal 2013.  Full Article

EXCO Resources Inc Declares Quarterly Cash Dividend
Wednesday, 11 Sep 2013 04:18pm EDT 

EXCO Resources Inc announced that its Board of Directors declared a third quarter cash dividend of $0.05 per share. The dividend is payable on September 30, 2013 to holders of record on September 23, 2013.  Full Article

EXCO Resources Inc Raises FY 2013 EBITDA Guidance
Tuesday, 10 Sep 2013 05:00am EDT 

EXCO Resources Inc raised fiscal 2013 EBITDA guidance and expects adjusted EBITDA guidance from approximately $435 million to approximately $450 million. EXCO’s fiscal 2013 guidance was initially $296 million, which was raised to $341 million with the March quarter earnings release, and subsequently increased to $435 million with the June quarter in connection with the recently announced Eagle Ford and Haynesville acquisitions. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EBITDA of $437 million for fiscal 2013.  Full Article

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