B. James Ford and Samuel A. Mitchell have resigned from the board of directors of EXCO Resources Inc. (NYSE:XCO.BC), effective as of September 20, 2017. Ford originally joined the board in December 2007 and Mitchell originally joined the board in June 2013.
At the time of their respective resignations, neither Ford nor Mitchell was a member of any committee of the board. The company noted in a statement that the resignations were not the result of any disagreement with the company on any matter relating to the company’s operations, policies, or practices.
In addition, EXCO announced that on September 20, 2017, it made the interest payments due on its outstanding 1.5 Lien Notes and 1.75 Lien Term Loans in the form of issuing an additional $17 million aggregate principal amount of 1.5 Lien Notes and $26.2 million aggregate principal amount of 1.75 Lien Term Loans, respectively.
EXCO Resources Inc. is an oil and natural gas exploration, exploitation, acquisition, development and production company headquartered in Dallas, Texas with principal operations in Texas, North Louisiana and the Appalachia region.