EXCO to start roadshow Wednesday for $750 million eight-year notes

By Paul A. Harris

St. Louis, Sept. 7 - EXCO Resources, Inc. will begin a brief roadshow on Wednesday for its $750 million offering of eight-year senior notes, according to an informed source.

The deal, which has been registered with the Securities and Exchange Commission, is expected to price on Friday.

J.P. Morgan Securities Inc., Bank of America Merrill Lynch, BNP Paribas Securities Corp., RBC Capital Markets Corp. and Wells Fargo Securities are the joint bookrunners.

Proceeds will be used to redeem all $444.7 million outstanding 7¼% senior notes due 2011 and to pay down a portion of the outstanding balance under EXCO's credit agreement.

EXCO is a Dallas-based oil and natural gas exploration, exploitation, development and production company, with principal operations in East Texas, North Louisiana, Appalachia and West Texas.

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