Exco Resources Inc. - 2010-10-06
Description
The lenders under its revolving credit agreement completed their regular semi-annual redetermination of the borrowing base, resulting in a borrowing base of $1 billion as requested by Exco Resources following its successful offering of 7.5% senior notes due 2018. Currently, $274.4 million is drawn under the revolving credit agreement. The next redetermination of the borrowing base is scheduled to occur on April 1, 2011.