Exco Resources Inc. - 2010-09-13

Priced an underwritten offering of $750 million aggregate principal amount of 7.5% senior notes due 2018, which will be issued at 98.53% of par value, resulting in a yield to maturity of 7.75%. Proceeds are expected to be approximately $724.4 million, a portion of which will be used to redeem all $444.7 million in aggregate principal amount of its outstanding 7 1/4% senior notes due 2011. Remaining net proceeds will be used to pay a portion of the outstanding balance under its credit agreement. The sale is expected to close Sept. 15. J.P. Morgan Securities LLC, Banc of America Securities LLC, BNP Paribas Securities Corp., RBC Capital Markets Corp. and Wells Fargo Securities LLC are joint book-running managers.