NEW YORK – GLAS Trust Company LLC was recently appointed Successor Administrative Agent on EXCO Resources, Inc.’s Second Lien Credit Facility due in 2020. EXCO Resources is an oil and natural gas company engaged in the exploitation, exploration, acquisition, development and production of onshore U.S. oil and natural gas properties with a focus on shale resources.
On January 15, EXCO Resources filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas.
Dan Fisher, who leads GLAS Trust Company says, “The Exco appointment is a major step forward for our rapidly growing restructuring and bankruptcy products and services in the US and globally”.
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