EXCO tenders for 7¼% notes

New York, Nov. 2 - EXCO Resources, Inc. said it has begun two cash tender offers for its 7¼% senior notes due 2011.

The company is offering to buy up to $120.6 million of the notes using the cash remaining from the sale of Addison Energy Inc. completed earlier in the year.

In this tender, the price is par plus accrued interest up to but excluding the settlement date.

Expiration is 5 p.m. ET on Dec. 2.

In addition, Exco is making a change-of-control offer for all $450 million of the notes at a price of 101% of par plus accrued interest up to but excluding the settlement date.

The offer is required following the acquisition of EXCO's parent EXCO Holdings Inc. by EXCO Holdings II, Inc. on Oct. 3.

Expiration is 5 p.m. ET on Dec. 9.

Wilmington Trust Co. is paying agent for both offers (302 636-6470).

EXCO is a Dallas-based oil and natural gas exploration and production company.

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