EXCO Resources Inc. (NYSE: XCO) opened a cash tender offer for its outstanding 7.5% senior notes due 2018 and its outstanding 8.5% notes due 2022, whose combined amount is subject to a cap of $40 million on the price paid for both series of notes combined.
Holders of the 2018 notes may participate in the tender offer; while holders of the 2022 notes may participate in both the tender offer and the consent solicitation, or just the consent solicitation.
The consent solicitation will expire on August 9 and the tender offer will expire on Aug. 23.
Recommended Reading
Markman: I’d Like to Not Thank the Academy…
2024-02-28 - The oil industry does not come off well in the movies and the public can miss the big picture.
Aethon’s Far Western Haynesville: Three Wells, 17.5 Bcf and Still Roaring
2024-02-05 - Aethon’s wells show no signs of flatlining—and neither are Comstock Resources’ tests, one of which has already reached nearly 50% of its previously estimated EUR.
Silver Hill Energy Enters Bakken with Liberty Resources Acquisition
2024-01-31 - Silver Hill Energy Partners LP is getting into the Bakken in North Dakota through the acquisition of Liberty Resources II.
Athabasca Oil, Cenovus Energy Close Deal Creating Duvernay Pureplay
2024-02-08 - Athabasca Oil and Cenovus Energy plan to ramp up production from about 2,000 boe/d to 6,000 boe/d by 2025.
Analysts: Why Are Investors Snapping Up Gulfport Energy Stock?
2024-02-29 - Shares for Oklahoma City-based Gulfport Energy massively outperformed market peers over the past year—and analysts think the natural gas-weighted name has even more upside.