EXCO buys $5.28 million 7¼% notes in change-of-control offer

New York, Dec. 15 - EXCO Resources, Inc. said it bought $5.275 million of its 7¼% senior notes due 2011 in its change-of-control tender offer for the securities.

The offer expired at 5 p.m. ET on Dec. 9.

EXCO paid 101% of par plus accrued interest up to but excluding the settlement date.

There are now $444.72 million of the notes outstanding.

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

EXCO previously bought $5,000 of the notes in an asset-sale tender offer that expired at 5 p.m. ET on Dec. 2.

As announced on Nov. 2, EXCO was 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.

The price was par plus accrued interest up to but excluding the settlement date.

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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