EXCO Resources, Inc. (NYSE:XCO) ("EXCO" or the "Company") today announced that it had closed the funding of its previously announced 12.5% Senior Secured Second Lien Term Loan in the aggregate principal amount of approximately $109 million (the "Exchange Term Loan"). Simultaneously with the funding of the Exchange Term Loan and pursuant to a series of purchase agreements, the Company completed its previously announced repurchase (the "Note Repurchase") of an aggregate principal amount of approximately $175 million of 2018 Notes and an aggregate principal amount of approximately $76 million of 2022 Notes. The proceeds of the Exchange Term Loan were deemed to be used to complete the Note Repurchase and the Notes repurchased will be cancelled by the trustee following customary settlement procedures. Additional information about the transactions will be available in a Form 8-K to be filed by the Company in connection with the transactions described above. About EXCO EXCO Resources, Inc. is an oil and natural gas exploration, exploitation, acquisition, development and production company headquartered in Dallas, Texas with principal operations in Texas, North Louisiana and Appalachia. Additional information about EXCO Resources, Inc. may be obtained by contacting Chris Peracchi, EXCO's Vice President of Finance and Investor Relations, and Treasurer, at EXCO's headquarters, 12377 Merit Drive, Suite 1700, Dallas, TX 75251, telephone number (214) 368-2084, or by visiting EXCO's website at www.excoresources.com. EXCO's SEC filings and press releases can be found under the Investor Relations tab. Forward-Looking Statements This release may contain forward-looking statements relating to future financial results, business expectations and business transactions. Actual results may differ materially from those predicted as a result of factors over which EXCO has no control. Such factors include, but are not limited to: continued volatility in the oil and gas markets, the estimates of reserves, commodity price changes, regulatory changes and general economic conditions. These risk factors are included in EXCO's reports on file with the SEC. Except as required by applicable law, EXCO undertakes no obligation to publicly update or revise any forward-looking statements.