New Issue: EXCO Resources sells $100 million add-on to 7¼% notes due 2007 at 103.25

By Paul A. Harris

St. Louis, April 1 - EXCO Resources Inc. priced a $100 million add-on to its 7¼% senior notes due Jan. 15, 2011 (B2/B) at 103.25 on Thursday, according to a market source.

Price talk was 103.25.

The yield to maturity is 6.644%, and the yield to worst is 6.562%.

Credit Suisse First Boston ran the books.

Proceeds will be used to repay the company's existing credit facility and for general corporate purposes.

The issuer is a Dallas-based oil and gas exploration and production company.

The original $350 million issue priced at par on Jan. 14, 2004.

Issuer:	EXCO Resources Inc.
Amount:	$100 million
Maturity:	Jan. 15, 2011
Security description:	Add-on to 7¼% senior notes due Jan. 15, 2011
Bookrunner:	Credit Suisse First Boston
Coupon:	7¼%
Price:	103.25
Yield to maturity:	6.644%
Yield to worst:	6.562%
Spread:	325 basis points
Call features:	Callable after Jan. 15, 2007 at 104.438, 103.625, 101.813, par on Jan. 15, 2010 and thereafter
Equity clawback:	Until Jan. 15, 2007 for 35% at 107.25
Pricing date:	April 1
Settlement date:	April 13, 2004 with accrued interest
Ratings:	Moody's: B2
	Standard & Poor's: B
Price talk:	103.25

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