The US Bankruptcy Court gave an order to EXCO Resources, Inc, to obtain exit financing on May 20, 2019. As per the order, the debtor has been authorized to obtain an Exit RBL Facility in the form of a senior secured revolving credit facility in the amount of $750 million from a syndicate of banks, financial institutions and other entities, including Royal Bank of Canada and Bank of Montreal, with Royal Bank of Canada also acting as the administrative agent. The Exit Financing Agreements provide for a revolving credit facility in an aggregate maximum credit amount of $750 million subject to an initial Borrowing Base of $325 million. The exit facility would mature on the fifth anniversary of the Closing Date.
EXCO Resources, Inc. is an independent oil and natural gas company. The Company is engaged in the exploration, exploitation, acquisition, development and production of onshore United States oil and natural gas properties with a focus on shale resource plays. Its principal operations are conducted in certain United States oil and natural gas areas, including Texas, Louisiana, and the Appalachia region. Its producing regions include East Texas and North Louisiana, South Texas, and Appalachia. The East Texas and North Louisiana regions are primarily comprised of its Haynesville and Bossier shale assets. It serves as the operator for most of its properties in the East Texas and North Louisiana regions. The South Texas region is primarily comprised of its Eagle Ford shale assets. Its position in this region includes approximately 48,500 net acres. It serves as the operator for most of its properties in the South Texas region. The Appalachia region is comprised of its Marcellus shale assets.
EXCO RESOURCES, INC. 
