The US Bankruptcy Court gave an order to EXCO Resources, Inc, to obtain DIP financing on an interim basis on January 18, 2018. As per the order, the debtor has been authorized to obtain a Revolving Credit facility in the amount of $180.4 million out of a total facility of $250 million i.e. $125 million from revolver A facility and $125 million Revolver B facility from Hamblin Watsa Investment Counsel Ltd., and acting as the administrative agent respectively. The revolver A facility would carry an interest rate of Alternate Base Rate plus 3% p.a. and the revolver B facility would carry an interest rate of Alternate Base Rate plus 4% p.a along with an additional 2% p.a. interest in the event of default. The DIP facility carries an arrangement fee of 1% of the initial borrowing base and a fronting fee greater of (a) $500 and (b) 0.5% p.a. The DIP facility would mature either 12 months after the Effective Date or on the effective date of the plan or on the date of consummation of the sale of substantially all assets, whichever is earlier. Adequate protection would be provided to the DIP lenders in the form of super-priority administrative expense claims which is subject to a carve-out of $2.05 million towards unpaid professional fees / administrative expenses and first priority lien upon and security interest in the debtor’s collateral. The final hearing is scheduled on February 22, 2018.