BRIEF-Exco Resources files voluntary petitions for Chapter 11

Jan 15 (Reuters) – Exco Resources Inc:

* EXCO RESOURCES, INC. FILES VOLUNTARY PETITIONS FOR CHAPTER 11 REORGANIZATION TO FACILITATE FINANCIAL RESTRUCTURING

* EXCO INTENDS TO OPERATE IN ORDINARY COURSE OF BUSINESS DURING RESTRUCTURING PROCESS​

* CO, SOME UNITS FILED PETITIONS FOR COURT-SUPERVISED REORGANIZATION UNDER CHAPTER 11 IN U.S. BANKRUPTCY COURT FOR DISTRICT OF TEXAS​

* HAS RECEIVED COMMITMENT OF $250 MILLION IN DIP FINANCING FROM CERTAIN EXISTING LENDERS INCLUDING FAIRFAX FINANCIAL HOLDINGS AND ITS AFFILIATES​ Source text for Eikon: Further company coverage:



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