Exco Resources $300 million seven-year notes price talk 7½%-7¾%, to price Wednesday

By Paul A. Harris

St. Louis, Jan. 13 - Price talk of 7½%-7¾% emerged Tuesday on Exco Resources' proposed $300 million of senior notes due 2011 (B), a market source said.

The deal is expected to price on Wednesday.

Credit Suisse First Boston is the bookrunner for the Rule 144A deal. Banc One Capital Markets is joint lead manager. Banc of America Securities, BNP Paribas, Comerica Securities, Fleet Securities, Scotia Capital and TD Securities are co-managers.

The notes will come with three years of call protection and will contain a three-year 35% equity clawback.

The Dallas-based oil and gas exploration and production company plans to use proceeds to fund the acquisition of Nuon Energy & Water.

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