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| XCO > SEC Filings for XCO > Form 8-K on 16-Nov-2009 | All Recent SEC Filings |
16-Nov-2009
Completion of Acquisition or Disposition of Assets, Regulation FD Disclosure,
On November 10, 2009, EXCO Resources, Inc. ("EXCO") closed the sale of all of its remaining Mid-Continent oil and natural gas assets to Sheridan Holding Company I, LLC ("Sheridan") pursuant to that certain Purchase and Sale Agreement, dated September 30, 2009, by and between EXCO and Sheridan (the "Sheridan Transaction"). The Sheridan Transaction was effective as of October 1, 2009. Total proceeds received at the closing were $530.2 million, subject to customary post-closing adjustments. The proceeds from the Sheridan Transaction were used to repay a portion of EXCO`s revolving credit facility.
On November 10, 2009, EXCO issued a press release, a copy of which is furnished as Exhibit 99.1, announcing the closing of the Sheridan Transaction.
In accordance with general instruction B.2 to Form 8-K, such information is being "furnished" and shall not be deemed "filed" with the Securities and Exchange Commission for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any other filing under the Securities Act of 1933.
(b) Pro Forma Financial Information.
The unaudited pro forma financial information of EXCO Resources, Inc. with respect to the Sheridan Transaction as of September 30, 2009 and the nine months then ended and for the year ended December 31, 2008 are included as Exhibit 99.2 hereto.
(d) Exhibits
Exhibit No. Description
99.1 Press Release dated November 10, 2009.
99.2 Unaudited pro forma financial information of EXCO Resources, Inc. as of
September 30, 2009 and the nine months then ended and for the year ended
December 31, 2008.
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