Attached files
file | filename |
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EX-10.2 - FIFTH AMENDMENT TO CREDIT AGREEMENT - EXCO RESOURCES INC | d254151dex102.htm |
EX-10.1 - FOURTH AMENDMENT TO CREDIT AGREEMENT - EXCO RESOURCES INC | d254151dex101.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): November 8, 2011
EXCO RESOURCES, INC.
(Exact name of registrant as specified in its charter)
Texas | 001-32743 | 74-1492779 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) | ||
12377 Merit Drive Suite 1700, LB 82 Dallas, Texas |
75251 | |||
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code: (214) 368-2084
(Former name or former address, if changed since last report): Not applicable
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Section 1Registrants Business and Operations
Item 1.01. | Entry into a Material Definitive Agreement. |
On November 8, 2011, EXCO Resources, Inc. (EXCO) entered into that certain Fourth Amendment to Credit Agreement by and among EXCO, as borrower, certain of its subsidiaries, as guarantors, JPMorgan Chase Bank, N.A., as administrative agent, and the lenders named therein (the Fourth Amendment). The Fourth Amendment increased the borrowing base under EXCOs existing credit agreement (the Credit Agreement) from $1.5 billion to $1.6 billion and increased the maximum facility amount from $1.5 billion to $2.0 billion.
In addition, on November 8, 2011, EXCO entered into that certain Fifth Amendment to Credit Agreement by and among EXCO, as borrower, certain of its subsidiaries, as guarantors, JPMorgan Chase Bank, N.A., as administrative agent, and the lenders named therein (the Fifth Amendment). The Fifth Amendment permits EXCO to incur up to an additional $750 million of unsecured senior note indebtedness on or before November 1, 2012.
The foregoing descriptions are not complete and are qualified in their entirety by the Fourth Amendment and the Fifth Amendment, which are filed herewith and incorporated by reference herein.
Section 9Financial Statements and Exhibits
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
10.1 Fourth Amendment to Credit Agreement, dated as of November 8, 2011, among EXCO Resources, Inc., as Borrower, certain subsidiaries of Borrower, as Guarantors, the lenders party thereto, and JPMorgan Chase Bank, N.A., as Administrative Agent.
10.2 Fifth Amendment to Credit Agreement, dated as of November 8, 2011, among EXCO Resources, Inc., as Borrower, certain subsidiaries of Borrower, as Guarantors, the lenders party thereto, and JPMorgan Chase Bank, N.A., as Administrative Agent.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: November 9, 2011 | EXCO RESOURCES, INC. | |||||
By: | /s/ J. DOUGLAS RAMSEY | |||||
J. Douglas Ramsey, Ph.D. Vice President Finance |
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EXHIBIT INDEX
Exhibit |
Description | |
10.1 | Fourth Amendment to Credit Agreement, dated as of November 8, 2011, among EXCO Resources, Inc., as Borrower, certain subsidiaries of Borrower, as Guarantors, the lenders party thereto, and JPMorgan Chase Bank, N.A., as Administrative Agent. | |
10.2 | Fifth Amendment to Credit Agreement, dated as of November 8, 2011, among EXCO Resources, Inc., as Borrower, certain subsidiaries of Borrower, as Guarantors, the lenders party thereto, and JPMorgan Chase Bank, N.A., as Administrative Agent. |