Kirkland Counsels EXCO on Capital Structure Transactions

Kirkland & Ellis LLP represented EXCO Resources, Inc. (NYSE: XCO) on a series of transactions that will significantly improve its capital structure, including the issuance of $300 million in aggregate principal amount of senior secured 1.5 lien notes due March 20, 2022 and warrants for shares of EXCO’s common stock, and the exchange of approximately $683 million of senior secured second lien term loans due Oct. 26, 2020 for a like amount of senior secured 1.75 lien term loans due Oct. 26, 2020.

The Kirkland team was led by capital markets partner Justin Fitzgerald Hoffman and included capital markets partner Matt Pacey and associates Michael Rigdon, Chris Fox, Brice Lipman and Bryce Silagy; and debt finance partners Will Bos and Andy Veit and associates Kevin Elliott and John Zarbock.