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DBJ: Exco Resources to Emerge from Bankruptcy in ‘Coming Weeks’ After Court Reorgnization

The U.S. Bankruptcy Court for the Southern District of Texas has confirmed Exco Resources Inc.’s amended plan for reorganization as it looks to emerge from Chapter 11 bankruptcy in the coming weeks.

The Dallas oil and natural gas company expects to complete the financial restructuring process in the coming weeks. Exco will reduce its leverage by more than $1.1 billion, the company said in a news release.

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