Requisite ConsentsThe consent of holders of at least a majority of the outstanding aggregate principal amount of the Notes is required to approve the proposed amendments to the indenture governing the Notes. If the requisite consents to approve the proposed amendments for the Notes have been validly delivered (and not validly revoked) on or prior to the Expiration Date, EXCO will enter into a new supplemental indenture with respect to the Notes. The new supplemental indenture will become effective upon execution, but will not become operative until the applicable consent fee has been paid. Once the new supplemental indenture is effective, however, consents previously delivered may not be revoked. The consent solicitation is being made solely on the terms and subject to the conditions set forth in the Statement. EXCO may, in its sole discretion, terminate, extend or amend the consent solicitation at any time as described in the Statement. IMPORTANT: BENEFICIAL HOLDERS WHOSE NOTES ARE HELD IN THE NAME OF A BROKER, DEALER, COMMERCIAL BANK, TRUST COMPANY OR OTHER INTERMEDIARY SHOULD CONTACT SUCH BROKER OR OTHER INTERMEDIARY PROMPTLY AND OBTAIN AND FOLLOW THEIR INSTRUCTIONS WITH RESPECT TO THE CONSENT PROCEDURES AND DEADLINES, WHICH MAY BE EARLIER THAN THE DEADLINES SET FORTH IN THE STATEMENT. Credit Suisse Securities (USA) LLC will act as solicitation agent for the consent solicitation, and D.F. King & Co., Inc. will act as the Information, Tabulation and Paying Agent for the consent solicitation. Questions regarding the consent solicitation may be directed to Credit Suisse Securities (USA) LLC at (800) 820-1653 (U.S. toll free) or (212) 538-2147 (collect). Copies of the documents may be obtained from D.F. King & Co., Inc. via the internet at www.dfking.com/exco, by email at firstname.lastname@example.org or by telephone at (212) 269-5550 (for banks and brokers) or (800) 884-5197 (for all others). This announcement does not constitute a solicitation of consents of holders of the Notes and shall not be deemed a solicitation of consents with respect to any other securities of EXCO or its subsidiaries. No recommendation is being made as to whether holders of the Notes should consent to the proposed amendments. The solicitation of consents is not being made in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such solicitation under applicable state or foreign securities or "blue sky" laws.
About EXCOEXCO 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 Securities and Exchange Commission ("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: the completion of the consent solicitation and the delivery of the requisite consents to effect the proposed amendments to the indenture governing the Notes, 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.