January 18, 2018 / 1:04 PM / a year ago

Exco's $250 mln bankruptcy loan panned by large noteholder

A $250 million loan bankrupt Exco Resources Inc has lined up from two major debt holders should be rejected, an investment adviser holding about 30 percent of the oil and gas producer’s unsecured notes argued in court papers filed on Wednesday.

The papers came two days after the Chapter 11 filing by Dallas-based Exco, which counts among its shareholders the firm founded by U.S. Commerce Secretary Wilbur Ross.

To read the full story on Westlaw Practitioner Insights, click here: bit.ly/2Di82wy

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