-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Eh0shbtNWv1lBIYA5JpA+AvqqClRxDH6YWyAM+oEUbYCrmsbNy0F3IPbZvTO64Uq Mjo9DYCsddac7/gZjsHm1w== 0001193125-10-278373.txt : 20101210 0001193125-10-278373.hdr.sgml : 20101210 20101210160239 ACCESSION NUMBER: 0001193125-10-278373 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20101210 DATE AS OF CHANGE: 20101210 GROUP MEMBERS: EL VEDADO, LLC GROUP MEMBERS: INVESCO PRIVATE CAPITAL, INC. GROUP MEMBERS: INVESCO WLR IV ASSOCIATES LLC GROUP MEMBERS: WILBUR L. ROSS, JR. GROUP MEMBERS: WL ROSS GROUP, L.P. GROUP MEMBERS: WLR IV PARALLEL ESC, L.P. GROUP MEMBERS: WLR MASTER CO-INVESTMENT GP, LLC GROUP MEMBERS: WLR RECOVERY ASSOCIATES IV LLC GROUP MEMBERS: WLR RECOVERY FUND IV XCO AIV I, L.P. GROUP MEMBERS: WLR RECOVERY FUND IV XCO AIV II, L.P. GROUP MEMBERS: WLR RECOVERY FUND IV XCO AIV III, L.P. GROUP MEMBERS: WLR RECOVERY FUND IV, L.P. GROUP MEMBERS: WLR SELECT ASSOCIATES LLC GROUP MEMBERS: WLR SELECT CO-INVESTMENT XCO AIV, L.P. GROUP MEMBERS: WLR SELECT CO-INVESTMENT, L.P. GROUP MEMBERS: WLR/GS MASTER CO-INVESTMENT XCO AIV, L.P. GROUP MEMBERS: WLR/GS MASTER CO-INVESTMENT, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: EXCO RESOURCES INC CENTRAL INDEX KEY: 0000316300 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 741492779 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-35504 FILM NUMBER: 101245000 BUSINESS ADDRESS: STREET 1: 12377 MERIT DR STREET 2: SUITE 1700 CITY: DALLAS STATE: TX ZIP: 75251 BUSINESS PHONE: 2143682084 MAIL ADDRESS: STREET 1: 12377 MERIT DR STREET 2: SUITE 1700 CITY: DALLAS STATE: TX ZIP: 75251 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WL ROSS & CO LLC CENTRAL INDEX KEY: 0001202045 IRS NUMBER: 134106462 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 600 LEXINGTON AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2128261100 MAIL ADDRESS: STREET 1: 600 LEXINGTON AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D 1 dsc13d.htm SCHEDULE 13D Schedule 13D

 

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE 13D

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

 

    EXCO Resources, Inc.    

(Name of Issuer)

 

 

    Common Stock, Par Value $0.001 per share    

(Title and Class of Securities)

    269279402    

(CUSIP Number)

    WL Ross & Co. LLC    

    1166 Avenue of the Americas    

    New York, New York 10036    

    Attention: Michael J. Gibbons    

    Telephone Number: (212) 826-1100    

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

    November 30, 2010    

(Date of Event which Requires Filing of this Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box  ¨.

Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of section 18 of the Securities Exchange Act of 1934 (the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes ).

 

 

 

(Continued on following pages)


CUSIP No. 269279402

     13D       Page 2

 

  1   

NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

    WL Ross & Co. LLC (1)

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

 

    OO

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS

    2(d) or 2(e)

 

  

 

    ¨

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    Delaware

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     7    

SOLE VOTING POWER

 

    -0-

    
     8   

SHARED VOTING POWER

 

    15,882,301 (1) (See Item 5)

    
     9   

SOLE DISPOSITIVE POWER

 

    -0-

    
   10   

SHARED DISPOSITIVE POWER

 

    15,882,301 (1) (See Item 5)

    

11

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    15,882,301 (1) (See Item 5)

    

12

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

       ¨

13

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

    7.5% (See Item 5)

    

14

 

TYPE OF REPORTING PERSON

 

    OO

    

 

(1) WL Ross & Co. LLC is the investment manager of WLR Recovery Fund IV XCO AIV I, L.P. (“Fund IV AIV I”), WLR Recovery Fund IV XCO AIV II, L.P. (“Fund IV AIV II”), WLR Recovery Fund IV XCO AIV III, L.P. (“Fund IV AIV III”), WLR Select Co-Investment XCO AIV, L.P. (“Co-Invest Fund AIV”), WLR/GS Master Co-Investment XCO AIV, L.P. (“WLR/GS Fund AIV”) and WLR IV Parallel ESC, L.P. (“Parallel Fund”). Fund IV AIV I holds directly 3,593,182 shares of common stock of the Issuer, Fund IV AIV II holds directly 3,592,277 shares of common stock of the Issuer, Fund IV AIV III holds directly 3,593,059 shares of common stock of the Issuer, Co-Invest Fund AIV holds directly 3,790,331 shares of common stock of the Issuer; WLR/GS Fund AIV holds directly 1,271,269 shares of common stock of the Issuer and Parallel Fund holds directly 42,183 shares of common stock of the Issuer. Wilbur L. Ross, Jr. is the Chairman and Chief Executive Officer of WL Ross & Co. LLC and the managing member of El Vedado, LLC, the general partner of WL Ross Group, L.P., which in turn is the managing member of WLR Recovery Associates IV LLC, WLR Select Associates LLC and WLR Master Co-Investment GP, LLC. WLR Recovery Associates IV LLC is the general partner of WLR Recovery Fund IV, L.P. (“Fund IV”), Fund IV AIV I, Fund IV AIV II and Fund IV AIV III. WLR Select Associates LLC is the general partner of WLR Select Co-Investment, L.P. (“Co-Invest Fund”) and Co-Invest Fund AIV. WLR Master Co-Investment GP, LLC is the general partner of WLR/GS Co-Investment, L.P. (“WLR/GS Fund”) and WLR/GS Fund AIV. Invesco Private Capital, Inc. is the managing member of INVESCO WLR IV Associates LLC, which is in turn the general partner of Parallel Fund. INVESCO WLR IV Associates LLC and WLR Recovery Associates IV LLC have agreed that Parallel Fund will make investments on a pro rata basis in parallel with Fund IV.

Accordingly, WL Ross & Co. LLC may be deemed to share voting and dispositive power with (i) Wilbur L. Ross, Jr., El Vedado, LLC, WL Ross Group, L.P. and WLR Recovery Associates IV LLC over the shares held by Fund IV AIV I; (ii) Wilbur L. Ross, Jr., El Vedado, LLC, WL Ross Group, L.P. and WLR Recovery Associates IV LLC over the shares held by Fund IV AIV II; (iii) Wilbur L. Ross, Jr., El Vedado, LLC, WL Ross Group, L.P. and WLR Recovery Associates IV LLC over the shares held by Fund IV AIV III; (iv) Wilbur L. Ross, Jr., El Vedado, LLC, WL Ross Group, L.P. and WLR Select Associates LLC over the shares held by Co-Invest Fund AIV; (v) Wilbur L. Ross, Jr., El Vedado, LLC, WL Ross Group, L.P. and WLR Master Co-Investment GP, LLC over the shares held by WLR/GS Fund AIV and (vi) Wilbur L. Ross, Jr., El Vedado, LLC, WL Ross Group, L.P., WLR Recovery Associates IV LLC, Invesco Private Capital, Inc. and INVESCO WLR IV Associates LLC over the shares held by Parallel Fund.

 

2


CUSIP No. 269279402

     13D       Page 3

 

  1   

NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

WLR Recovery Fund IV, L.P. (1)

    
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  x

 

    
  3  

SEC USE ONLY

 

    
  4  

SOURCE OF FUNDS

 

    OO

    
  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS

    2(d) or 2(e)

 

  

¨

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    Delaware

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     7    

SOLE VOTING POWER

 

    -0-

    
     8   

SHARED VOTING POWER

 

    -0- (See Item 5)

    
     9   

SOLE DISPOSITIVE POWER

 

    -0-

    
   10   

SHARED DISPOSITIVE POWER

 

    -0- (See Item 5)

    

11

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    -0- (See Item 5)

    

12

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

   ¨

13

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

    0% (See Item 5)

    

14

 

TYPE OF REPORTING PERSON

 

    PN

    

 

3


CUSIP No. 269279402

     13D       Page 4

 

  1   

NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

WLR Recovery Fund IV XCO AIV I, L.P. (1)

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

 

    OO

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS

    2(d) or 2(e)

 

  

 

    ¨

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    Delaware

    

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

     7    

SOLE VOTING POWER

 

    -0-

    
     8   

SHARED VOTING POWER

 

    3,593,182(1) (See Item 5)

    
     9   

SOLE DISPOSITIVE POWER

 

    -0-

    
   10   

SHARED DISPOSITIVE POWER

 

    3,593,182(1) (See Item 5)

    

11

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    3,593,182(1) (See Item 5)

    

12

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

       ¨

13

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

    1.7% (See Item 5)

    

14

 

TYPE OF REPORTING PERSON

 

    PN

    

 

(1) WLR Recovery Fund IV XCO AIV I, L.P. (“Fund IV AIV I”) holds directly 3,593,182 shares of common stock of the Issuer. Wilbur L. Ross, Jr. is the Chairman and Chief Executive Officer of WL Ross & Co. LLC and the managing member of El Vedado, LLC, the general partner of WL Ross Group, L.P., which in turn is the managing member of WLR Recovery Associates IV LLC. WLR Recovery Associates IV LLC is the general partner of Fund IV AIV I. WL Ross & Co. LLC is the investment manager of Fund IV AIV I.

Accordingly, WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC, WL Ross Group, L.P. and WLR Recovery Associates IV LLC may be deemed to share voting and dispositive power over the shares held by Fund IV AIV I.

 

4


CUSIP No. 269279402

     13D       Page 5

 

  1   

NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

WLR Recovery Fund IV XCO AIV II, L.P. (1)

    
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  x

 

    
  3  

SEC USE ONLY

 

    
  4  

SOURCE OF FUNDS

 

    OO

    
  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS

    2(d) or 2(e)

 

  

¨

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    Delaware

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     7    

SOLE VOTING POWER

 

     -0-

    
     8   

SHARED VOTING POWER

 

     3,592,277 (1) (See Item 5)

    
     9   

SOLE DISPOSITIVE POWER

 

     -0-

    
   10   

SHARED DISPOSITIVE POWER

 

    3,592,277 (1) (See Item 5)

    

11

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    3,592,277 (1) (See Item 5)

    

12

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

   ¨

13

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

    1.7% (See Item 5)

    

14

 

TYPE OF REPORTING PERSON

 

    PN

    

 

(1) WLR Recovery Fund IV XCO AIV II, L.P. (“Fund IV AIV II”) holds directly 3,592,277 shares of common stock of the Issuer. Wilbur L. Ross, Jr. is the Chairman and Chief Executive Officer of WL Ross & Co. LLC and the managing member of El Vedado, LLC, the general partner of WL Ross Group, L.P., which in turn is the managing member of WLR Recovery Associates IV LLC. WLR Recovery Associates IV LLC is the general partner of Fund IV AIV II. WL Ross & Co. LLC is the investment manager of Fund IV AIV II.

Accordingly, WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC, WL Ross Group, L.P. and WLR Recovery Associates IV LLC may be deemed to share voting and dispositive power over the shares held by Fund IV AIV II.

 

5


CUSIP No. 269279402

     13D       Page 6

 

  1   

NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

    WLR Recovery Fund IV XCO AIV III, L.P. (1)

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

 

    OO

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS

    2(d) or 2(e)

 

  

 

    ¨

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    Delaware

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     7    

SOLE VOTING POWER

 

    -0-

    
     8   

SHARED VOTING POWER

 

    3,593,059 (1) (See Item 5)

    
     9   

SOLE DISPOSITIVE POWER

 

    -0-

    
   10   

SHARED DISPOSITIVE POWER

 

    3,593,059 (1) (See Item 5)

    

11

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    3,593,059 (1) (See Item 5)

    

12

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

       ¨

13

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

    1.7% (See Item 5)

    

14

 

TYPE OF REPORTING PERSON

 

    PN

    

 

(1) WLR Recovery Fund IV XCO AIV III, L.P. (“Fund IV AIV III”) holds directly 3,593,059 shares of common stock of the Issuer. Wilbur L. Ross, Jr. is the Chairman and Chief Executive Officer of WL Ross & Co. LLC and the managing member of El Vedado, LLC, the general partner of WL Ross Group, L.P., which in turn is the managing member of WLR Recovery Associates IV LLC. WLR Recovery Associates IV LLC is the general partner of Fund IV AIV III. WL Ross & Co. LLC is the investment manager of Fund IV AIV III.

Accordingly, WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC, WL Ross Group, L.P. and WLR Recovery Associates IV LLC may be deemed to share voting and dispositive power over the shares held by Fund IV AIV III.

 

6


CUSIP No. 269279402

     13D       Page 7

 

  1   

NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

    WLR Select Co-Investment, L.P. (1)

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

 

    OO

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS

    2(d) or 2(e)

 

  

 

    ¨

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    Cayman Islands

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     7    

SOLE VOTING POWER

 

    -0-

    
     8   

SHARED VOTING POWER

 

    -0- (See Item 5)

    
     9   

SOLE DISPOSITIVE POWER

 

    -0-

    
   10   

SHARED DISPOSITIVE POWER

 

    -0- (See Item 5)

    

11

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    -0- (See Item 5)

    

12

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

       ¨

13

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

    0% (See Item 5)

    

14

 

TYPE OF REPORTING PERSON

 

    PN

    

 

7


CUSIP No. 269279402

     13D       Page 8

 

  1   

NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

    WLR Select Co-Investment XCO AIV, L.P. (1)

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

 

    OO

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS

    2(d) or 2(e)

 

  

 

    ¨

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    Delaware

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     7    

SOLE VOTING POWER

 

    -0-

    
     8   

SHARED VOTING POWER

 

    3,790,331 (1) (See Item 5)

    
     9   

SOLE DISPOSITIVE POWER

 

    -0-

    
   10   

SHARED DISPOSITIVE POWER

 

    3,790,331 (1) (See Item 5)

    

11

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    3,790,331 (1) (See Item 5)

    

12

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

       ¨

13

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

    1.8% (See Item 5)

    

14

 

TYPE OF REPORTING PERSON

 

    PN

    

 

(1) WLR Select Co-Investment XCO AIV, L.P. (“Co-Invest Fund AIV”) holds directly 3,790,331 shares of common stock of the Issuer. Wilbur L. Ross, Jr. is the Chairman and Chief Executive Officer of WL Ross & Co. LLC and the managing member of El Vedado, LLC, the general partner of WL Ross Group, L.P., which in turn is the managing member of WLR Select Associates LLC. WLR Select Associates LLC is the general partner of Co-Invest Fund AIV. WL Ross & Co. LLC is the investment manager of Co-Invest Fund AIV.

Accordingly, WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC, WL Ross Group, L.P. and WLR Select Associates LLC may be deemed to share voting and dispositive power over the shares held by Co-Invest Fund AIV.

 

8


CUSIP No. 269279402

     13D       Page 9

 

  1   

NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

    WLR/GS Master Co-Investment, L.P. (1)

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

 

    OO

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS

    2(d) or 2(e)

 

  

 

    ¨

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    Cayman Islands

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     7    

SOLE VOTING POWER

 

    -0-

    
     8   

SHARED VOTING POWER

 

    -0- (See Item 5)

    
     9   

SOLE DISPOSITIVE POWER

 

    -0-

    
   10   

SHARED DISPOSITIVE POWER

 

    -0- (See Item 5)

    

11

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    -0- (See Item 5)

    

12

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

       ¨

13

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

    0% (See Item 5)

    

14

 

TYPE OF REPORTING PERSON

 

    PN

    

 

9


CUSIP No. 269279402

     13D       Page 10

 

  1   

NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

    WLR/GS Master Co-Investment XCO AIV, L.P. (1)

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

 

    OO

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS

    2(d) or 2(e)

 

  

 

    ¨

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    Delaware

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     7    

SOLE VOTING POWER

 

    -0-

    
     8   

SHARED VOTING POWER

 

    1,271,269 (1) (See Item 5)

    
     9   

SOLE DISPOSITIVE POWER

 

    -0-

    
   10   

SHARED DISPOSITIVE POWER

 

    1,271,269 (1) (See Item 5)

    

11

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    1,271,269 (1) (See Item 5)

    

12

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

       ¨

13

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

    0.6% (See Item 5)

    

14

 

TYPE OF REPORTING PERSON

 

    PN

    

 

(1) WLR/GS Master Co-Investment XCO AIV, L.P. (“WLR/GS Fund AIV”) holds directly 1,271,269 shares of common stock of the Issuer. Wilbur L. Ross, Jr. is the Chairman and Chief Executive Officer of WL Ross & Co. LLC and the managing member of El Vedado, LLC, the general partner of WL Ross Group, L.P., which in turn is the managing member of WLR Master Co-Investment GP, LLC. WLR Master Co-Investment GP, LLC is the general partner of WLR/GS Fund AIV. WL Ross & Co. LLC is the investment manager of WLR/GS Fund AIV.

Accordingly, WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC, WL Ross Group, L.P. and WLR Master Co-Investment GP, LLC may be deemed to share voting and dispositive power over the shares held by WLR/GS Fund AIV.

 

10


CUSIP No. 269279402

     13D       Page 11

 

  1   

NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

    WLR IV Parallel ESC, L.P. (1)

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

 

    OO

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS

    2(d) or 2(e)

 

  

 

    ¨

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    Delaware

    

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

     7    

SOLE VOTING POWER

 

    -0-

    
     8   

SHARED VOTING POWER

 

    42,183 (1) (See Item 5)

    
     9   

SOLE DISPOSITIVE POWER

 

    -0-

    
   10   

SHARED DISPOSITIVE POWER

 

    42,183 (1) (See Item 5)

    

11

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    42,183 (1) (See Item 5)

    

12

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

       ¨

13

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

    0.02% (See Item 5)

    

14

 

TYPE OF REPORTING PERSON

 

    PN

    

 

(1) WLR IV Parallel ESC, L.P. (“Parallel Fund”) holds directly 42,183 shares of common stock of the Issuer. Wilbur L. Ross, Jr. is the Chairman and Chief Executive Officer of WL Ross & Co. LLC and the managing member of El Vedado, LLC, the general partner of WL Ross Group, L.P., which in turn is the managing member of WLR Recovery Associates IV LLC. WLR Recovery Associates IV LLC is the general partner of WLR Recovery Fund IV, L.P. (“Fund IV”), Recovery Fund IV XCO AIV I, L.P. (“Fund IV AIV I”), WLR Recovery Fund IV XCO AIV II, L.P. (“Fund IV AIV II”) and WLR Recovery Fund IV XCO AIV III, L.P. (“Fund IV AIV III”). WL Ross & Co. LLC is the investment manager of Fund IV, Fund IV AIV I, Fund IV AIV II, Fund IV AIV III and Parallel Fund. Invesco Private Capital, Inc. is the managing member of INVESCO WLR IV Associates LLC, which is in turn the general partner of Parallel Fund. INVESCO WLR IV Associates LLC and WLR Recovery Associates IV LLC have agreed that Parallel Fund will make investments on a pro rata basis in parallel with Fund IV.

Accordingly, WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC, WL Ross Group, L.P., WLR Recovery Associates IV LLC, Invesco Private Capital, Inc. and INVESCO WLR IV Associates LLC may be deemed to share voting and dispositive power over the shares held by Parallel Fund.

 

11


CUSIP No. 269279402

     13D       Page 12

 

  1   

NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

    Invesco Private Capital, Inc. (1)

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

 

    OO

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS

    2(d) or 2(e)

 

  

 

    ¨

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    Delaware

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     7    

SOLE VOTING POWER

 

    -0-

    
     8   

SHARED VOTING POWER

 

    42,183 (1) (See Item 5)

    
     9   

SOLE DISPOSITIVE POWER

 

    -0-

    
   10   

SHARED DISPOSITIVE POWER

 

    42,183 (1) (See Item 5)

    

11

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    42,183 (1) (See Item 5)

    

12

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

       ¨

13

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

    0.02% (See Item 5)

    

14

 

TYPE OF REPORTING PERSON

 

    OO

    

 

(1) WLR IV Parallel ESC, L.P. (“Parallel Fund”) holds directly 42,183 shares of common stock of the Issuer. Wilbur L. Ross, Jr. is the Chairman and Chief Executive Officer of WL Ross & Co. LLC and the managing member of El Vedado, LLC, the general partner of WL Ross Group, L.P., which in turn is the managing member of WLR Recovery Associates IV LLC. WLR Recovery Associates IV LLC is the general partner of WLR Recovery Fund IV, L.P. (“Fund IV”), WLR Recovery Fund IV XCO AIV I, L.P. (“Fund IV AIV I”), WLR Recovery Fund IV XCO AIV II, L.P. (“Fund IV AIV II”) and WLR Recovery Fund IV XCO AIV III, L.P. (“Fund IV AIV III”). WL Ross & Co. LLC is the investment manager of Fund IV, Fund IV AIV I, Fund IV AIV II, Fund IV AIV III and Parallel Fund. Invesco Private Capital, Inc. is the managing member of INVESCO WLR IV Associates LLC, which is in turn the general partner of Parallel Fund. INVESCO WLR IV Associates LLC and WLR Recovery Associates IV LLC have agreed that Parallel Fund will make investments on a pro rata basis in parallel with Fund IV.

Accordingly, WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC, WL Ross Group, L.P., WLR Recovery Associates IV LLC, Invesco Private Capital, Inc. and INVESCO WLR IV Associates LLC may be deemed to share voting and dispositive power over the shares held by Parallel Fund.

 

12


CUSIP No. 269279402

     13D       Page 13

 

  1   

NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

    INVESCO WLR IV Associates LLC (1)

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

 

    OO

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS

    2(d) or 2(e)

 

  

 

    ¨

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    Delaware

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     7    

SOLE VOTING POWER

 

    -0-

    
     8   

SHARED VOTING POWER

 

    42,183 (1) (See Item 5)

    
     9   

SOLE DISPOSITIVE POWER

 

    -0-

    
   10   

SHARED DISPOSITIVE POWER

 

    42,183 (1) (See Item 5)

    

11

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    42,183 (1) (See Item 5)

    

12

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

       ¨

13

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

    0.02% (See Item 5)

    

14

 

TYPE OF REPORTING PERSON

 

    OO

    

 

(1) WLR IV Parallel ESC, L.P. (“Parallel Fund”) holds directly 42,183 shares of common stock of the Issuer. Wilbur L. Ross, Jr. is the Chairman and Chief Executive Officer of WL Ross & Co. LLC and the managing member of El Vedado, LLC, the general partner of WL Ross Group, L.P., which in turn is the managing member of WLR Recovery Associates IV LLC. WLR Recovery Associates IV LLC is the general partner of WLR Recovery Fund IV, L.P. (“Fund IV”), WLR Recovery Fund IV XCO AIV I, L.P. (“Fund IV AIV I”), WLR Recovery Fund IV XCO AIV II, L.P. (“Fund IV AIV II”) and WLR Recovery Fund IV XCO AIV III, L.P. (“Fund IV AIV III”). WL Ross & Co. LLC is the investment manager of Fund IV, Fund IV AIV I, Fund IV AIV II, Fund IV AIV III and Parallel Fund. Invesco Private Capital, Inc. is the managing member of INVESCO WLR IV Associates LLC, which is in turn the general partner of Parallel Fund. INVESCO WLR IV Associates LLC and WLR Recovery Associates IV LLC have agreed that Parallel Fund will make investments on a pro rata basis in parallel with Fund IV.

Accordingly, WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC, WL Ross Group, L.P., WLR Recovery Associates IV LLC, Invesco Private Capital, Inc. and INVESCO WLR IV Associates LLC may be deemed to share voting and dispositive power over the shares held by Parallel Fund.

 

13


CUSIP No. 269279402

     13D       Page 14

 

  1   

NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

    WLR Master Co-Investment GP, LLC (1)

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

 

    OO

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS

    2(d) or 2(e)

 

  

 

    ¨

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    Delaware

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     7    

SOLE VOTING POWER

 

    -0-

    
     8   

SHARED VOTING POWER

 

    1,271,269 (1) (See Item 5)

    
     9   

SOLE DISPOSITIVE POWER

 

    -0-

    
   10   

SHARED DISPOSITIVE POWER

 

    1,271,269 (1) (See Item 5)

    

11

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    1,271,269 (1) (See Item 5)

    

12

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

       ¨

13

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

    0.6% (See Item 5)

    

14

 

TYPE OF REPORTING PERSON

 

    OO

    

 

(1) WLR/GS Master Co-Investment XCO AIV, L.P. (“WLR/GS Fund AIV”) holds directly 1,271,269 shares of common stock of the Issuer. Wilbur L. Ross, Jr. is the Chairman and Chief Executive Officer of WL Ross & Co. LLC and the managing member of El Vedado, LLC, the general partner of WL Ross Group, L.P., which in turn is the managing member of WLR Master Co-Investment GP, LLC. WLR Master Co-Investment GP, LLC is the general partner of WLR/GS Fund AIV. WL Ross & Co. LLC is the investment manager of WLR/GS Fund AIV.

Accordingly, WLR Master Co-Investment GP, LLC may be deemed to share voting and dispositive power with WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC and WL Ross Group, L.P. over the shares held by WLR/GS Fund AIV.

 

14


CUSIP No. 269279402

     13D       Page 15

 

  1   

NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

    WLR Select Associates LLC (1)

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

 

    OO

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS

    2(d) or 2(e)

 

  

 

    ¨

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    Delaware

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     7    

SOLE VOTING POWER

 

    -0-

    
     8   

SHARED VOTING POWER

 

    3,790,331 (1) (See Item 5)

    
     9   

SOLE DISPOSITIVE POWER

 

    -0-

    
   10   

SHARED DISPOSITIVE POWER

 

    3,790,331 (1) (See Item 5)

    

11

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    3,790,331 (1) (See Item 5)

    

12

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

       ¨

13

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

    1.8% (See Item 5)

    

14

 

TYPE OF REPORTING PERSON

 

    OO

    

 

(1) WLR Select Co-Investment XCO AIV, L.P. (“Co-Invest Fund AIV”) holds directly 3,790,331 shares of common stock of the Issuer. Wilbur L. Ross, Jr. is the Chairman and Chief Executive Officer of WL Ross & Co. LLC and the managing member of El Vedado, LLC, the general partner of WL Ross Group, L.P., which in turn is the managing member of WLR Select Associates LLC. WLR Select Associates LLC is the general partner of Co-Invest Fund AIV. WL Ross & Co. LLC is the investment manager of Co-Invest Fund AIV.

Accordingly, WLR Select Associates LLC may be deemed to share voting and dispositive power with WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC and WL Ross Group, L.P. over the shares held by Co-Invest Fund AIV.

 

15


CUSIP No. 269279402

     13D       Page 16

 

  1   

NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

    WLR Recovery Associates IV LLC (1)

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

 

    OO

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS

    2(d) or 2(e)

 

  

 

    ¨

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    Delaware

    

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

     7    

SOLE VOTING POWER

 

    -0-

    
     8   

SHARED VOTING POWER

 

    10,820,701 (1) (See Item 5)

    
     9   

SOLE DISPOSITIVE POWER

 

    -0-

    
   10   

SHARED DISPOSITIVE POWER

 

    10,820,701 (1) (See Item 5)

    

11

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    10,820,701 (1) (See Item 5)

    

12

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

       ¨

13

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

    5.1% (See Item 5)

    

14

 

TYPE OF REPORTING PERSON

 

    OO

    

 

(1) WLR Recovery Fund IV XCO AIV I, L.P. (“Fund IV AIV I”) holds directly 3,593,182 shares of common stock of the Issuer, WLR Recovery Fund IV XCO AIV II, L.P. (“Fund IV AIV II”) holds directly 3,592,277 shares of common stock of the Issuer and WLR Recovery Fund IV XCO AIV III, L.P. (“Fund IV AIV III”) holds directly 3,593,059 shares of common stock of the Issuer. Wilbur L. Ross, Jr. is the Chairman and Chief Executive Officer of WL Ross & Co. LLC and the managing member of El Vedado, LLC, the general partner of WL Ross Group, L.P., which in turn is the managing member of WLR Recovery Associates IV LLC. WLR Recovery Associates IV LLC is the general partner of Fund IV AIV I, Fund IV AIV II and Fund IV AIV III. WL Ross & Co. LLC is the investment manager of Fund IV AIV I, Fund IV AIV II, Fund IV AIV III and Parallel Fund. Invesco Private Capital, Inc. is the managing member of INVESCO WLR IV Associates LLC, which is in turn the general partner of WLR IV Parallel ESC, L.P. (“Parallel Fund”), which holds directly 42,183 shares of common stock of the Issuer. INVESCO WLR IV Associates LLC and WLR Recovery Associates IV LLC have agreed that Parallel Fund will make investments on a pro rata basis in parallel with Fund IV.

Accordingly, WLR Recovery Associates IV LLC may be deemed to share voting and dispositive power with (i) WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC and WL Ross Group, L.P. over the shares held by Fund IV AIV I; (ii) WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC and WL Ross Group, L.P. over the shares held by Fund IV AIV II; (iii) WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC and WL Ross Group, L.P. over the shares held by Fund IV AIV III and (iv) WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC, WL Ross Group, L.P., Invesco Private Capital, Inc. and INVESCO WLR IV Associates LLC over the shares held by Parallel Fund.

 

16


CUSIP No. 269279402

     13D       Page 17

 

  1   

NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

    WL Ross Group, L.P.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

 

    OO

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS

    2(d) or 2(e)

 

  

 

    ¨

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    New York

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     7    

SOLE VOTING POWER

 

    -0-

    
     8   

SHARED VOTING POWER

 

    15,882,301 (1) (See Item 5)

    
     9   

SOLE DISPOSITIVE POWER

 

    -0-

    
   10   

SHARED DISPOSITIVE POWER

 

    15,882,301 (1) (See Item 5)

    

11

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    15,882,301 (1) (See Item 5)

    

12

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

       ¨

13

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

    7.5% (See Item 5)

    

14

 

TYPE OF REPORTING PERSON

 

    PN

    

 

(1) WLR Recovery Fund IV XCO AIV I, L.P. (“Fund IV AIV I”) holds directly 3,593,182 shares of common stock of the Issuer, WLR Recovery Fund IV XCO AIV II, L.P. (“Fund IV AIV II”) holds directly 3,592,277 shares of common stock of the Issuer and WLR Recovery Fund IV XCO AIV III, L.P. (“Fund IV AIV III”) holds directly 3,593,059 shares of common stock of the Issuer, WLR Select Co-Investment XCO AIV, L.P. (“Co-Invest Fund AIV”) holds directly 3,790,331 shares of common stock of the Issuer, WLR/GS Co-Investment XCO AIV, L.P. (“WLR/GS Fund AIV”) holds directly 1,271,269 shares of common stock of the Issuer and WLR IV Parallel ESC, L.P. (“Parallel Fund”) holds directly 42,183 shares of common stock of the Issuer. Wilbur L. Ross, Jr. is the Chairman and Chief Executive Officer of WL Ross & Co. LLC and the managing member of El Vedado, LLC, the general partner of WL Ross Group, L.P., which in turn is the managing member of WLR Recovery Associates IV LLC, WLR Select Associates LLC and WLR Master Co-Investment GP, LLC. WLR Recovery Associates IV LLC is the general partner of WLR Recovery Fund IV, L.P. (“Fund IV”), Fund IV AIV I, Fund IV AIV II and Fund IV AIV III. WLR Select Associates LLC is the general partner of Co-Investment, L.P. (“Co-Invest Fund”) and Co-Invest Fund AIV. WLR Master Co-Investment GP, LLC is the general partner of WLR/GS Co-Investment, L.P. (“WLR/GS Fund”) and WLR/GS Fund AIV. WL Ross & Co. LLC is the investment manager of Fund IV, Fund IV AIV I, Fund IV AIV II, Fund IV AIV III, Co-Invest Fund, Co-Invest Fund AIV, WLR/GS Fund, WLR/GS Fund AIV and Parallel Fund. Invesco Private Capital, Inc. is the managing member of INVESCO WLR IV Associates LLC, which is in turn the general partner of Parallel Fund. INVESCO WLR IV Associates LLC and WLR Recovery Associates IV LLC have agreed that Parallel Fund will make investments on a pro rata basis in parallel with Fund IV.

Accordingly, WL Ross Group, L.P. may be deemed to share voting and dispositive power with (i) WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC and WLR Recovery Associates IV LLC over the shares held by Fund IV AIV I; (ii) WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC and WLR Recovery Associates IV LLC over the shares held by Fund IV AIV II; (iii) WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC and WLR Recovery Associates IV LLC over the shares held by Fund IV AIV III; (iv) WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC and WLR Select Associates LLC over the shares held by Co-Invest Fund AIV; (v) WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC and WLR Master Co-Investment GP, LLC over the shares held by WLR/GS Fund AIV and (vi) WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC, WLR Recovery Associates IV LLC, Invesco Private Capital, Inc. and INVESCO WLR IV Associates LLC over the shares held by Parallel Fund.

 

17


CUSIP No. 269279402

     13D       Page 18

 

  1   

NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

    El Vedado, LLC

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

 

    OO

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS

    2(d) or 2(e)

 

  

 

    ¨

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    New York

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     7    

SOLE VOTING POWER

 

    -0-

    
     8   

SHARED VOTING POWER

 

    15,882,301 (1) (See Item 5)

    
     9   

SOLE DISPOSITIVE POWER

 

    -0-

    
   10   

SHARED DISPOSITIVE POWER

 

    15,882,301 (1) (See Item 5)

    

11

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    15,882,301 (1) (See Item 5)

    

12

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

       ¨

13

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

    7.5% (See Item 5)

    

14

 

TYPE OF REPORTING PERSON

 

    OO

    

 

(1) WLR Recovery Fund IV XCO AIV I, L.P. (“Fund IV AIV I”) holds directly 3,593,182 shares of common stock of the Issuer, WLR Recovery Fund IV XCO AIV II, L.P. (“Fund IV AIV II”) holds directly 3,592,277 shares of common stock of the Issuer and WLR Recovery Fund IV XCO AIV III, L.P. (“Fund IV AIV III”) holds directly 3,593,059 shares of common stock of the Issuer, WLR Select Co-Investment XCO AIV, L.P. (“Co-Invest Fund AIV”) holds directly 3,790,331 shares of common stock of the Issuer, WLR/GS Co-Investment XCO AIV, L.P. (“WLR/GS Fund AIV”) holds directly 1,271,269 shares of common stock of the Issuer and WLR IV Parallel ESC, L.P. (“Parallel Fund”) holds directly 42,183 shares of common stock of the Issuer. Wilbur L. Ross, Jr. is the Chairman and Chief Executive Officer of WL Ross & Co. LLC and the managing member of El Vedado, LLC, the general partner of WL Ross Group, L.P., which in turn is the managing member of WLR Recovery Associates IV LLC, WLR Select Associates LLC and WLR Master Co-Investment GP, LLC. WLR Recovery Associates IV LLC is the general partner of WLR Recovery Fund IV, L.P. (“Fund IV”), Fund IV AIV I, Fund IV AIV II and Fund IV AIV III. WLR Select Associates LLC is the general partner of Co-Investment, L.P. (“Co-Invest Fund”) and Co-Invest Fund AIV. WLR Master Co-Investment GP, LLC is the general partner of WLR/GS Co-Investment, L.P. (“WLR/GS Fund”) and WLR/GS Fund AIV. WL Ross & Co. LLC is the investment manager of Fund IV, Fund IV AIV I, Fund IV AIV II, Fund IV AIV III, Co-Invest Fund, Co-Invest Fund AIV, WLR/GS Fund, WLR/GS Fund AIV and Parallel Fund. Invesco Private Capital, Inc. is the managing member of INVESCO WLR IV Associates LLC, which is in turn the general partner of Parallel Fund. INVESCO WLR IV Associates LLC and WLR Recovery Associates IV LLC have agreed that Parallel Fund will make investments on a pro rata basis in parallel with Fund IV.

Accordingly, El Vedado, LLC may be deemed to share voting and dispositive power with (i) WL Ross & Co. LLC, Wilbur L. Ross, Jr., WL Ross Group, L.P. and WLR Recovery Associates IV LLC over the shares held by Fund IV AIV I; (ii) WL Ross & Co. LLC, Wilbur L. Ross, Jr., WL Ross Group, L.P. and WLR Recovery Associates IV LLC over the shares held by Fund IV AIV II; (iii) WL Ross & Co. LLC, Wilbur L. Ross, Jr., WL Ross Group, L.P. and WLR Recovery Associates IV LLC over the shares held by Fund IV AIV III; (iv) WL Ross & Co. LLC, Wilbur L. Ross, Jr., WL Ross Group, L.P. and WLR Select Associates LLC over the shares held by Co-Invest Fund AIV; (v) WL Ross & Co. LLC, Wilbur L. Ross, Jr., WL Ross Group, L.P. and WLR Master Co-Investment GP, LLC over the shares held by WLR/GS Fund AIV and (vi) WL Ross & Co. LLC, Wilbur L. Ross, Jr., WL Ross Group, L.P., WLR Recovery Associates IV LLC, Invesco Private Capital, Inc. and INVESCO WLR IV Associates LLC over the shares held by Parallel Fund.

 

18


CUSIP No. 269279402

     13D       Page 19

 

  1   

NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

    Wilbur L. Ross, Jr. (1)

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

 

    OO

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS

    2(d) or 2(e)

 

  

 

    ¨

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    United States of America

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     7    

SOLE VOTING POWER

 

    -0-

    
     8   

SHARED VOTING POWER

 

    15,882,301 (1) (See Item 5)

    
     9   

SOLE DISPOSITIVE POWER

 

    -0-

    
   10   

SHARED DISPOSITIVE POWER

 

    15,882,301 (1) (See Item 5)

    

11

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    15,882,301 (1) (See Item 5)

    

12

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

       ¨

13

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

    7.5% (See Item 5)

    

14

 

TYPE OF REPORTING PERSON

 

    IN

    

 

(1) WLR Recovery Fund IV XCO AIV I, L.P. (“Fund IV AIV I”) holds directly 3,593,182 shares of common stock of the Issuer, WLR Recovery Fund IV XCO AIV II, L.P. (“Fund IV AIV II”) holds directly 3,592,277 shares of common stock of the Issuer and WLR Recovery Fund IV XCO AIV III, L.P. (“Fund IV AIV III”) holds directly 3,593,059 shares of common stock of the Issuer, WLR Select Co-Investment XCO AIV, L.P. (“Co-Invest Fund AIV”) holds directly 3,790,331 shares of common stock of the Issuer, WLR/GS Co-Investment XCO AIV, L.P. (“WLR/GS Fund AIV”) holds directly 1,271,269 shares of common stock of the Issuer and WLR IV Parallel ESC, L.P. (“Parallel Fund”) holds directly 42,183 shares of common stock of the Issuer. Wilbur L. Ross, Jr. is the Chairman and Chief Executive Officer of WL Ross & Co. LLC and the managing member of El Vedado, LLC, the general partner of WL Ross Group, L.P., which in turn is the managing member of WLR Recovery Associates IV LLC, WLR Select Associates LLC and WLR Master Co-Investment GP, LLC. WLR Recovery Associates IV LLC is the general partner of WLR Recovery Fund IV, L.P. (“Fund IV”), Fund IV AIV I, Fund IV AIV II and Fund IV AIV III. WLR Select Associates LLC is the general partner of Co-Investment, L.P. (“Co-Invest Fund”) and Co-Invest Fund AIV. WLR Master Co-Investment GP, LLC is the general partner of WLR/GS Co-Investment, L.P. (“WLR/GS Fund”) and WLR/GS Fund AIV. WL Ross & Co. LLC is the investment manager of Fund IV, Fund IV AIV I, Fund IV AIV II, Fund IV AIV III, Co-Invest Fund, Co-Invest Fund AIV, WLR/GS Fund, WLR/GS Fund AIV and Parallel Fund. Invesco Private Capital, Inc. is the managing member of INVESCO WLR IV Associates LLC, which is in turn the general partner of Parallel Fund. INVESCO WLR IV Associates LLC and WLR Recovery Associates IV LLC have agreed that Parallel Fund will make investments on a pro rata basis in parallel with Fund IV.

Accordingly, Wilbur L. Ross, Jr. may be deemed to share voting and dispositive power with (i) WL Ross & Co. LLC, El Vedado, LLC, WL Ross Group, L.P. and WLR Recovery Associates IV LLC over the shares held by Fund IV AIV I; (ii) WL Ross & Co. LLC, El Vedado, LLC, WL Ross Group, L.P. and WLR Recovery Associates IV LLC over the shares held by Fund IV AIV II; (iii) WL Ross & Co. LLC, El Vedado, LLC, WL Ross Group, L.P. and WLR Recovery Associates IV LLC over the shares held by Fund IV AIV III; (iv) WL Ross & Co. LLC, El Vedado, LLC, WL Ross Group, L.P. and WLR Select Associates LLC over the shares held by Co-Invest Fund AIV; (v) WL Ross & Co. LLC, El Vedado, LLC, WL Ross Group, L.P. and WLR Master Co-Investment GP, LLC over the shares held by WLR/GS Fund AIV and (vi) WL Ross & Co. LLC, El Vedado, LLC, WL Ross Group, L.P., WLR Recovery Associates IV LLC, Invesco Private Capital, Inc. and INVESCO WLR IV Associates LLC over the shares held by Parallel Fund.

 

19


Item 1. Security and Issuer.

This Schedule 13D relates to the common stock, par value $0.001 per share (the “Common Stock”), of EXCO Resources, Inc., a Texas corporation (the “Issuer”). The Issuer’s principal executive offices are located at 12377 Merit Drive, Suite 1700, LB 82, Dallas, TX 75251.

 

Item 2. Identity and Background.

The names of the persons filing this Schedule 13D (collectively, the “Reporting Persons”) are:

 

   

WL Ross & Co. LLC, the investment manager of Fund IV, Fund IV AIV I, Fund IV AIV II, Fund IV AIV III, Co-Invest Fund, Co-Invest Fund AIV, WLR/GS Fund, WLR/GS Fund AIV and Parallel Fund (each as defined below).

 

   

WLR Recovery Fund IV, L.P. (“Fund IV”).

 

   

WLR Recovery Fund IV XCO AIV I, L.P., an alternative investment vehicle for Fund IV (“Fund IV AIV I”).

 

   

WLR Recovery Fund IV XCO AIV II, L.P., an alternative investment vehicle for Fund IV (“Fund IV AIV II”).

 

   

WLR Recovery Fund IV XCO AIV III, L.P., an alternative investment vehicle for Fund IV (“Fund IV AIV III”).

 

   

WLR Select Co-Investment, L.P. (“Co-Invest Fund”).

 

   

WLR Select Co-Investment XCO AIV, L.P., an alternative investment vehicle for Co-Invest Fund (“Co-Invest Fund AIV”).

 

   

WLR/GS Master Co-Investment L.P. (“WLR/GS Fund”).

 

   

WLR/GS Master Co-Investment XCO AIV, L.P., an alternative investment vehicle for WLR/GS Fund (“WLR/GS Fund AIV”).

 

   

WLR IV Parallel ESC, L.P. (“Parallel Fund”).

 

   

Invesco Private Capital, Inc., the managing member of INVESCO WLR IV Associates LLC.

 

   

INVESCO WLR IV Associates LLC, the general partner of Parallel Fund.

 

   

WLR Master Co-Investment GP, LLC, the general partner of WLR/GS Fund and WLR/GS Fund AIV.

 

   

WLR Select Associates LLC, the general partner of Co-Invest Fund and Co-Invest Fund AIV.

 

   

WLR Recovery Associates IV LLC, the general partner of Fund IV, Fund IV AIV I, Fund IV AIV II and Fund IV AIV III.

 

   

WL Ross Group, L.P., the managing member of WLR Recovery Associates IV LLC.

 

   

El Vedado, LLC, the general partner of WL Ross Group, L.P.

 

   

Wilbur L. Ross, Jr., the managing member of El Vedado, LLC.

The principal business of each of the Reporting Persons other than Wilbur L. Ross, Jr. is investments. The principal occupation of Mr. Ross is investment management. The principal business office for each of the Reporting Persons other than Mr. Ross and El Vedado, LLC is c/o WL Ross Group, L.P., 1166 Avenue of the Americas, New York, New York 10036. The principal business office for Mr. Ross and El Vedado, LLC is 319 Clematis Street, Room 1000 (10th Floor), West Palm Beach, Florida 33401.

 

20


Wilbur L. Ross, Jr. is President and Chief Executive Officer of WL Ross & Co. LLC, manager of El Vedado, LLC and Chairman and President of Invesco Private Capital, Inc. Mr. Ross is a citizen of the United States of America. WL Ross Group, L.P. and El Vedado, LLC are organized under the laws of the State of New York. Co-Invest Fund and WLR/GS Fund are organized under the laws of the Cayman Islands. Each of the other Reporting Persons that is an entity is organized under the laws of the State of Delaware.

Mr. Jim Lockhart is Vice Chairman of WL Ross & Co. LLC. Mr. Michael J. Gibbons is a manager of El Vedado, LLC, Chief Financial Officer of WL Ross & Co. LLC and Chief Financial Officer of Invesco Private Capital, Inc. Mr. David H. Storper is a manager of El Vedado, LLC. Mr. David L. Wax is a manager of El Vedado, LLC. The principal business office for Messrs. Lockhart, Gibbons, Storper and Wax is 1166 Avenue of the Americas, New York, New York 10036. The principal occupation for Messrs. Lockhart, Gibbons, Storper and Wax is investment management. Messrs. Lockhart, Gibbons, Storper and Wax are citizens of the United States of America. In addition to Mr. Wilbur L. Ross Jr., Mr. G. Mark Armour and Mr. David A. Hartley are directors of Invesco Private Capital, Inc. The principal occupation for Mr. Armour is investment management. The principal occupation for Mr. Hartley is finance. The principal business office for Messrs. Armour and Hartley is 1555 Peachtree Street NE, Atlanta, Georgia 30309. Messrs. Armour and Hartley are citizens of the United States of America. Together, Messrs. Lockhart, Gibbons, Storper, Wax, Armour and Hartley are referred to herein as the “Additional Persons”.

None of the Reporting Persons or the Additional Persons, has, during the last five years, (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

 

Item 3. Source and Amount of Funds or Other Consideration.

The 15,882,301 shares of Common Stock reported herein by the Reporting Persons were acquired for an aggregate purchase price of approximately $286,335,679 (excluding brokerage commissions). The shares of Common Stock that are reported on this Schedule 13D were acquired with cash from the limited partners of Fund IV, Fund IV AIV I, Fund IV AIV II, Fund IV AIV III, Co-Invest Fund, Co-Invest Fund AIV, WLR/GS Fund, WLR/GS Fund AIV and Parallel Fund.

 

Item 4. Purpose of Transaction.

The Reporting Persons have acquired the Issuer’s Common Stock for investment purposes. The Reporting Persons intend to review their investment in the Issuer continually. Depending upon the results of such review and other factors that the Reporting Persons deem relevant to an investment in the Issuer, the Reporting Persons may take or propose to take, alone or in conjunction with others including the Issuer, other actions intended to increase or decrease the Reporting Persons’ investment in the Issuer or the value of their investment in the Issuer, which could include one or more of the transactions or actions referred to in paragraphs (a) through (j) of Item 4 of SEC Schedule 13D.

The Reporting Persons have communicated or presently intend to communicate, directly or through intermediaries, with members of the Issuer’s management concerning matters relating to the business and affairs of the Issuer. Each of the Reporting Persons reserves the right (in each case, subject to any applicable restrictions under law) to at any time or from time to time (i) purchase or otherwise acquire additional shares of Common Stock, or other securities of the Issuer or of subsidiaries of the Issuer, or instruments convertible into or exercisable for any such securities (collectively, “Issuer Securities”), in the open market, in privately negotiated transactions or otherwise, (ii) sell, transfer or otherwise dispose of Issuer Securities in public or private transactions, (iii) cause Issuer Securities to be distributed in kind to its investors, (iv) acquire or write options contracts, or enter into derivatives or hedging transactions, relating to Issuer Securities, and/or (v) engage in or encourage communications with, directly or through intermediaries, the Issuer, members of management and the Board of Directors of the Issuer, other existing or prospective security holders, industry analysts, existing or potential strategic partners or competitors, investment and financing professionals, sources of credit and other investors to consider exploring (A) extraordinary corporate transactions, such as a merger (including transactions in which affiliates of Reporting Persons may be proposed as acquirers) or sales or acquisitions of assets or businesses, (B) exchanging information with the Issuer pursuant to appropriate confidentiality or similar agreements, (C) changes to the Issuer’s capitalization or dividend policy, (D) other changes to the Issuer’s business or structure or (E) one or more of the other actions described in paragraphs (a) through (j) of Item 4 of SEC Schedule 13D.

 

21


Notwithstanding anything contained herein, the Reporting Persons specifically reserve the right to change their intentions with respect to any or all of the matters referred to in this Schedule 13D.

 

Item 5. Interest in Securities of the Issuer.

(a) – (b) As of the close of business on December 9, 2010, the Reporting Persons beneficially own, in the aggregate, a total of 15,882,301 shares of Common Stock, which represent approximately 7.5% of the Issuer’s outstanding Common Stock. Fund IV AIV I holds directly 3,593,182 shares of Common Stock, representing approximately 1.7% of the outstanding shares of Common Stock, Fund IV AIV II holds directly 3,592,277 shares of Common Stock, representing approximately 1.7% of the outstanding shares of Common Stock, Fund IV AIV III holds directly 3,593,059 shares of Common Stock, representing approximately 1.7% of the outstanding shares of Common Stock, Co-Invest Fund AIV holds directly 3,790,331 shares of Common Stock, representing approximately 1.8% of the outstanding shares of Common Stock, WLR/GS Fund AIV holds directly 1,271,269 shares of Common Stock, representing approximately 0.6% of the outstanding shares of Common Stock and Parallel Fund holds directly 42,183 shares of Common Stock, representing approximately 0.02% of the outstanding shares of Common Stock. As of the close of business on December 9, 2010, the number of shares of Common Stock as to which each of the Reporting Persons has or shares voting or dispositive authority is set forth in rows 7 through 10 of each of the inside cover pages to this Schedule 13D relating to each such Reporting Person (which are incorporated by reference into this Item 5 by reference). All percentages set forth in this paragraph are based on 212,309,253 shares of Common Stock outstanding as of October 29, 2010, as set forth in the Issuer’s Quarterly Report on Form 10-Q for the Issuer’s fiscal quarterly period ended September 30, 2010.

Except for Fund IV AIV I, Fund IV AIV II, Fund IV AIV III, Co-Invest Fund AIV, WLR/GS Fund AIV and Parallel Fund, each of the Reporting Persons disclaims beneficial ownership of the securities referred to in this Schedule 13D, and the filing of this Schedule 13D should not be construed as an admission that any of the Reporting Persons is, for the purpose of Schedule 13D or 13G of the Securities Exchange Act of 1934, as amended, the beneficial owner of any securities covered by this statement. Fund IV AIV I, Fund IV AIV II, Fund IV AIV III, Co-Invest Fund AIV, WLR/GS Fund AIV and Parallel Fund each disclaim beneficial ownership of the shares held directly by the other.

(c) No Reporting Person has effected any transaction in shares of Common Stock during the 60 days preceding the date of this Schedule 13D except as set forth in the attached Schedule I and as follows. Effective on December 2, 2010, WLR Recovery Associates IV LLC, the general partner of Fund IV, Fund IV AIV I, Fund IV AIV II and Fund IV AIV III, assigned 9,497,559 shares of common stock of the Issuer held by Fund IV (representing all of the shares held by Fund IV) to Fund IV AIV I (3,166,155 shares), Fund IV AIV II (3,165,357 shares) and Fund IV AIV III (3,166,047 shares). Effective on December 7, 2010, WLR Select Associates LLC, the general partner of Co-Invest Fund and Co-Invest Fund AIV, assigned 3,262,098 shares of common stock of the Issuer held by Co-Invest Fund (representing all of the shares held by Co-Invest Fund) to Co-Invest Fund AIV. Effective on December 7, 2010, WLR Master Co-Investment GP, LLC, the general partner of WLR/GS Fund and WLR/GS Fund AIV, assigned 974,828 shares of common stock of the Issuer held by WLR/GS Fund (representing all of the shares held by WLR/GS Fund) to WLR/GS Fund AIV.

(d) Under certain circumstances, partners, members or managed accounts of a Reporting Person, as the case may be, could have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, shares of Common Stock owned by such Reporting Person.

(e) Not applicable.

 

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

The information set forth in each of the inside cover pages to this Schedule 13D relating to each such Reporting Person and in Items 2 and 4 hereof are incorporated by reference herein. A copy of the Joint Filing Agreement among the Reporting Persons is attached as Exhibit 1 hereto.

 

22


Item 7. Material to be Filed As Exhibits.

 

Exhibit 1   Joint Filing Agreement among WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC, WL Ross Group, L.P., WLR Recovery Associates IV LLC, WLR Select Associates LLC, WLR Master Co-Investment GP, LLC, Invesco Private Capital, Inc., INVESCO WLR IV Associates LLC, WLR Recovery Fund IV, L.P., WLR Recovery Fund IV XCO AIV I, L.P., WLR Recovery Fund IV XCO AIV II, L.P., WLR Recovery Fund IV XCO AIV III, L.P., WLR Select Co-Investment, L.P., WLR Select Co-Investment XCO AIV, L.P., WLR/GS Master Co-Investment, L.P., WLR/GS Master Co-Investment XCO AIV, L.P. and WLR IV Parallel ESC, L.P.

 

23


SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

Dated: December 10, 2010

 

WL ROSS & CO. LLC
By:  

/s/ Wilbur L. Ross, Jr.

  Wilbur L. Ross, Jr.,
  its Managing Member

WLR RECOVERY FUND IV, L.P.

By:   WLR Recovery Associates IV LLC,
  its General Partner
By:   WL Ross Group, L.P.,
  its Managing Member
By:   El Vedado, LLC,
  its General Partner
By:  

/s/ Wilbur L. Ross, Jr.

  Wilbur L. Ross, Jr.,
  its Managing Member

WLR RECOVERY FUND IV XCO AIV I, L.P.

By:   WLR Recovery Associates IV LLC,
  its General Partner
By:   WL Ross Group, L.P.,
  its Managing Member
By:   El Vedado, LLC,
  its General Partner
By:  

/s/ Wilbur L. Ross, Jr.

  Wilbur L. Ross, Jr.,
  its Managing Member
WLR RECOVERY FUND IV XCO AIV II, L.P.
By:   WLR Recovery Associates IV LLC,
  its General Partner
By:   WL Ross Group, L.P.,
  its Managing Member
By:   El Vedado, LLC,
  its General Partner
By:  

/s/ Wilbur L. Ross, Jr.

  Wilbur L. Ross, Jr.,
  its Managing Member

 

24


 

WLR RECOVERY FUND IV XCO AIV III, L.P.
By:   WLR Recovery Associates IV LLC,
  its General Partner
By:   WL Ross Group, L.P.,
  its Managing Member
By:   El Vedado, LLC,
  its General Partner
By:  

/s/ Wilbur L. Ross, Jr.

  Wilbur L. Ross, Jr.,
  its Managing Member
WLR SELECT CO-INVESTMENT, L.P.
By:   WLR Select Associates LLC
  its General Partner
By:   WL Ross Group, L.P.,
  its Managing Member
By:   El Vedado, LLC,
  its General Partner
By:  

/s/ Wilbur L. Ross, Jr.

  Wilbur L. Ross, Jr.,
  its Managing Member
WLR SELECT CO-INVESTMENT XCO AIV, L.P.
By:   WLR Select Associates LLC
  its General Partner
By:   WL Ross Group, L.P.,
  its Managing Member
By:   El Vedado, LLC,
  its General Partner
By:  

/s/ Wilbur L. Ross, Jr.

  Wilbur L. Ross, Jr.,
  its Managing Member
WLR/GS MASTER CO-INVESTMENT, L.P.
By:   WLR Master Co-Investment GP, LLC
  its General Partner
By:   WL Ross Group, L.P.,
  its Managing Member
By:   El Vedado, LLC,
  its General Partner
By:  

/s/ Wilbur L. Ross, Jr.

  Wilbur L. Ross, Jr.,
  its Managing Member

 

25


 

WLR/GS MASTER CO-INVESTMENT XCO AIV, L.P.
By:   WLR Master Co-Investment GP, LLC
  its General Partner
By:   WL Ross Group, L.P.,
  its Managing Member
By:   El Vedado, LLC,
  its General Partner
By:  

/s/ Wilbur L. Ross, Jr.

  Wilbur L. Ross, Jr.,
  its Managing Member
WLR IV PARALLEL ESC, L.P.
By:   INVESCO WLR IV ASSOCIATES LLC
  its General Partner
By:   INVESCO Private Capital, Inc.
  its Managing Member
By:  

/s/ Wilbur L. Ross, Jr.

  Wilbur L. Ross, Jr.
  its Chief Executive Officer
WLR RECOVERY ASSOCIATES IV LLC
By:   WL Ross Group, L.P.,
  its Managing Member
By:   El Vedado, LLC, its General Partner
By:  

/s/ Wilbur L. Ross, Jr.

  Wilbur L. Ross, Jr.,
  its Managing Member
WLR SELECT ASSOCIATES LLC
By:   WL Ross Group, L.P.,
  its Managing Member
By:   El Vedado, LLC, its General Partner
By:  

/s/ Wilbur L. Ross, Jr.

  Wilbur L. Ross, Jr.,
  its Managing Member
WLR MASTER CO-INVESTMENT GP, LLC
By:   WL Ross Group, L.P.,
  its Managing Member
By:   El Vedado, LLC, its General Partner

 

26


 

By:  

/s/ Wilbur L. Ross, Jr.

  Wilbur L. Ross, Jr.,
  its Managing Member
INVESCO PRIVATE CAPITAL, INC.
By:  

/s/ Wilbur L. Ross, Jr.

  Wilbur L. Ross, Jr.
  its Chief Executive Officer
INVESCO WLR IV ASSOCIATES LLC
By:   INVESCO Private Capital, Inc.
  its Managing Member
By:  

/s/ Wilbur L. Ross

  Wilbur L. Ross
  its Chief Executive Officer
WL ROSS GROUP, L.P.
By:   El Vedado, LLC, its General Partner
By:  

/s/ Wilbur L. Ross, Jr.

  Wilbur L. Ross, Jr.,
  its Managing Member
EL VEDADO, LLC
By:  

/s/ Wilbur L. Ross, Jr.

  Wilbur L. Ross, Jr.,
  its Managing Member
WILBUR L. ROSS, JR.
 

/s/ Wilbur L. Ross, Jr.

  Wilbur L. Ross, Jr.

 

27


Schedule I

Transactions in Shares of Common Stock by Reporting Persons

 

Reporting Person

   Date    Transaction    Number of Shares of
Common Stock*
     Price Per
Share**

Fund IV

   10/5/2010    Purchase      563,158       14.9610

Parallel Fund

   10/5/2010    Purchase      2,262       14.9610

Fund IV

   11/1/2010    Purchase      1,332,000       19.3616

Parallel Fund

   11/1/2010    Purchase      4,500       19.3616

Co-Invest Fund

   11/1/2010    Purchase      163,500       19.3616

Fund IV

   11/2/2010    Purchase      950,827       19.1726

Parallel Fund

   11/2/2010    Purchase      3,212       19.1726

Co-Invest Fund

   11/2/2010    Purchase      116,712       19.1726

Fund IV

   11/3/2010    Purchase      444,000       18.8579

Parallel Fund

   11/3/2010    Purchase      1,500       18.8579

Co-Invest Fund

   11/3/2010    Purchase      54,500       18.8579

Fund IV

   11/4/2010    Purchase      444,000       18.9957

Parallel Fund

   11/4/2010    Purchase      1,500       18.9957

Co-Invest Fund

   11/4/2010    Purchase      54,500       18.9957

Fund IV

   11/5/2010    Purchase      444,000       18.4437

Parallel Fund

   11/5/2010    Purchase      1,500       18.4437

Co-Invest Fund

   11/5/2010    Purchase      54,500       18.4437

Fund IV

   11/8/2010    Purchase      177,600       18.5775

Parallel Fund

   11/8/2010    Purchase      600       18.5775

Co-Invest Fund

   11/8/2010    Purchase      21,800       18.5775

Fund IV

   11/9/2010    Purchase      266,400       18.6818

Parallel Fund

   11/9/2010    Purchase      900       18.6818

Co-Invest Fund

   11/9/2010    Purchase      32,700       18.6818

Fund IV

   11/10/2010    Purchase      88,800       18.5392

Parallel Fund

   11/10/2010    Purchase      300       18.5392

Co-Invest Fund

   11/10/2010    Purchase      10,900       18.5392

Fund IV

   11/11/2010    Purchase      115,440       18.7209

Parallel Fund

   11/11/2010    Purchase      390       18.7209

Co-Invest Fund

   11/11/2010    Purchase      14,170       18.7209

Fund IV

   11/12/2010    Purchase      800,976       18.7514

Parallel Fund

   11/12/2010    Purchase      2,706       18.7514

Co-Invest Fund

   11/12/2010    Purchase      98,318       18.7514

Fund IV

   11/15/2010    Purchase      770,784       18.5367

Parallel Fund

   11/15/2010    Purchase      2,604       18.5367

Co-Invest Fund

   11/15/2010    Purchase      94,612       18.5367

Fund IV

   11/16/2010    Purchase      444,000       18.3906

Parallel Fund

   11/16/2010    Purchase      1,500       18.3906

Co-Invest Fund

   11/16/2010    Purchase      54,500       18.3906

Fund IV

   11/18/2010    Purchase      444,000       18.5067

Parallel Fund

   11/18/2010    Purchase      1,500       18.5067

Co-Invest Fund

   11/18/2010    Purchase      54,500       18.5067

Fund IV

   11/19/2010    Purchase      266,400       18.2904

Parallel Fund

   11/19/2010    Purchase      900       18.2904

Co-Invest Fund

   11/19/2010    Purchase      32,700       18.2904

Fund IV

   11/19/2010    Purchase      88,800       18.3332

Parallel Fund

   11/19/2010    Purchase      300       18.3332

Co-Invest Fund

   11/19/2010    Purchase      10,900       18.3332

Co-Invest Fund

   11/29/2010    Purchase      134,181       18.4318

WLR/GS Fund

   11/29/2010    Purchase      40,819       18.4318

Co-Invest Fund

   11/30/2010    Purchase      454,331       18.4955

WLR/GS Fund

   11/30/2010    Purchase      138,212       18.4955

 

28


 

Reporting Person

   Date    Transaction    Number of Shares of
Common Stock*
     Price Per
Share**

Co-Invest Fund

   12/1/2010    Purchase      844,539       18.4382

WLR/GS Fund

   12/1/2010    Purchase      256,918       18.4382

Fund IV AIV I

   12/2/2010    Purchase      47,982       18.4627

Fund IV AIV II

   12/2/2010    Purchase      47,970       18.4627

Fund IV AIV III

   12/2/2010    Purchase      47,980       18.4627

Parallel Fund

   12/2/2010    Purchase      961       18.4627

Co-Invest Fund

   12/2/2010    Purchase      167,248       18.4627

WLR/GS Fund

   12/2/2010    Purchase      93,859       18.4627

Fund IV AIV I

   12/3/2010    Purchase      98,682       18.4580

Fund IV AIV II

   12/3/2010    Purchase      98,657       18.4580

Fund IV AIV III

   12/3/2010    Purchase      98,678       18.4580

Parallel Fund

   12/3/2010    Purchase      1,977       18.4580

Co-Invest Fund

   12/3/2010    Purchase      343,971       18.4580

WLR/GS Fund

   12/3/2010    Purchase      193,035       18.4580

Fund IV AIV I

   12/6/2010    Purchase      19,076       18.4875

Fund IV AIV II

   12/6/2010    Purchase      19,071       18.4875

Fund IV AIV III

   12/6/2010    Purchase      19,076       18.4875

Parallel Fund

   12/6/2010    Purchase      382       18.4875

Co-Invest Fund

   12/6/2010    Purchase      66,492       18.4875

WLR/GS Fund

   12/6/2010    Purchase      37,315       18.4875

Fund IV AIV I

   12/7/2010    Purchase      109,742       18.4848

Fund IV AIV II

   12/7/2010    Purchase      109,715       18.4848

Fund IV AIV III

   12/7/2010    Purchase      109,739       18.4848

Parallel Fund

   12/7/2010    Purchase      2,198       18.4848

Co-Invest Fund

   12/7/2010    Purchase      382,524       18.4848

WLR/GS Fund

   12/7/2010    Purchase      214,670       18.4848

Fund IV AIV I

   12/8/2010    Purchase      88,495       18.4705

Fund IV AIV II

   12/8/2010    Purchase      88,473       18.4705

Fund IV AIV III

   12/8/2010    Purchase      88,492       18.4705

Parallel Fund

   12/8/2010    Purchase      1,773       18.4705

Co-Invest Fund AIV

   12/8/2010    Purchase      308,464       18.4705

WLR/GS Fund AIV

   12/8/2010    Purchase      173,108       18.4705

Fund IV AIV I

   12/9/2010    Purchase      63,050       18.4900

Fund IV AIV II

   12/9/2010    Purchase      63,034       18.4900

Fund IV AIV III

   12/9/2010    Purchase      63,047       18.4900

Parallel Fund

   12/9/2010    Purchase      1,263       18.4900

Co-Invest Fund AIV

   12/9/2010    Purchase      219,769       18.4900

WLR/GS Fund AIV

   12/9/2010    Purchase      123,333       18.4900

 

* The number of securities reported represents an aggregate number of shares purchased in multiple open market transactions over a range of purchase prices.
** The price reported represents the weighted average price (excluding brokerage commissions). Each of the Reporting Persons undertakes to provide the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares purchased by such Reporting Person at each separate price within the range.

 

29


EXHIBIT INDEX

 

Exhibit
No.

  

Description

Exhibit 1    Joint Filing Agreement among WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC, WL Ross Group, L.P., WLR Recovery Associates IV LLC, WLR Select Associates LLC, WLR Master Co-Investment GP, LLC, Invesco Private Capital, Inc., INVESCO WLR IV Associates LLC, WLR Recovery Fund IV, L.P., WLR Recovery Fund IV XCO AIV I, L.P., WLR Recovery Fund IV XCO AIV II, L.P., WLR Recovery Fund IV XCO AIV III, L.P., WLR Select Co-Investment, L.P., WLR Select Co-Investment XCO AIV, L.P., WLR/GS Master Co-Investment, L.P., WLR/GS Master Co-Investment XCO AIV, L.P. and WLR IV Parallel ESC, L.P.

 

30

EX-1 2 dex1.htm JOINT FILING AGREEMENT Joint Filing Agreement

EXHIBIT 1

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned agree that only one statement containing the information required by Schedule 13D and any further amendments thereto need to be filed with respect to the beneficial ownership by each of the undersigned of shares of common stock of EXCO Resources, Inc., a Texas corporation, and further agree that this Joint Filing Agreement be included as an exhibit to the Schedule 13D provided that, as contemplated by Section 13d-1(k)(1)(ii), no person shall be responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate. This Joint Filing Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.

Dated: December 10, 2010

 

WL ROSS & CO. LLC
By:   /s/ Wilbur L. Ross, Jr.
  Wilbur L. Ross, Jr.,
  its Managing Member
WLR RECOVERY FUND IV, L.P.
By:   WLR Recovery Associates IV LLC,
  its General Partner
By:   WL Ross Group, L.P.,
  its Managing Member
By:   El Vedado, LLC,
  its General Partner
By:   /s/ Wilbur L. Ross, Jr.
  Wilbur L. Ross, Jr.,
  its Managing Member
WLR RECOVERY FUND IV XCO AIV I, L.P.
By:   WLR Recovery Associates IV LLC,
  its General Partner
By:   WL Ross Group, L.P.,
  its Managing Member
By:   El Vedado, LLC,
  its General Partner
By:   /s/ Wilbur L. Ross, Jr.
  Wilbur L. Ross, Jr.,
  its Managing Member
WLR RECOVERY FUND IV XCO AIV II, L.P.
By:   WLR Recovery Associates IV LLC,
  its General Partner
By:   WL Ross Group, L.P.,
  its Managing Member


 

By:   El Vedado, LLC,
  its General Partner
By:  

/s/ Wilbur L. Ross, Jr.

  Wilbur L. Ross, Jr.,
  its Managing Member
WLR RECOVERY FUND IV XCO AIV III, L.P.
By:   WLR Recovery Associates IV LLC,
  its General Partner
By:   WL Ross Group, L.P.,
  its Managing Member
By:   El Vedado, LLC,
  its General Partner
By:  

/s/ Wilbur L. Ross, Jr.

  Wilbur L. Ross, Jr.,
  its Managing Member
WLR SELECT CO-INVESTMENT, L.P.
By:   WLR Select Associates LLC
  its General Partner
By:   WL Ross Group, L.P.,
  its Managing Member
By:   El Vedado, LLC,
  its General Partner
By:  

/s/ Wilbur L. Ross, Jr.

  Wilbur L. Ross, Jr.,
  its Managing Member
WLR SELECT CO-INVESTMENT XCO AIV, L.P.
By:   WLR Select Associates LLC
  its General Partner
By:   WL Ross Group, L.P.,
  its Managing Member
By:   El Vedado, LLC,
  its General Partner
By:  

/s/ Wilbur L. Ross, Jr.

  Wilbur L. Ross, Jr.,
  its Managing Member
WLR/GS MASTER CO-INVESTMENT, L.P.
By:   WLR Master Co-Investment GP, LLC
  its General Partner
By:   WL Ross Group, L.P.,
  its Managing Member


 

By:   El Vedado, LLC,
  its General Partner
By:  

/s/ Wilbur L. Ross, Jr.

  Wilbur L. Ross, Jr.,
  its Managing Member
WLR/GS MASTER CO-INVESTMENT XCO AIV, L.P.
By:   WLR Master Co-Investment GP, LLC
  its General Partner
By:   WL Ross Group, L.P.,
  its Managing Member
By:   El Vedado, LLC,
  its General Partner
By:  

/s/ Wilbur L. Ross, Jr.

  Wilbur L. Ross, Jr.,
  its Managing Member
WLR IV PARALLEL ESC, L.P.
By:   INVESCO WLR IV ASSOCIATES LLC
  its General Partner
By:   INVESCO Private Capital, Inc.
  its Managing Member
By:  

/s/ Wilbur L. Ross, Jr.

  Wilbur L. Ross, Jr.
  its Chief Executive Officer
WLR RECOVERY ASSOCIATES IV LLC
By:   WL Ross Group, L.P.,
  its Managing Member
By:   El Vedado, LLC, its General Partner
By:  

/s/ Wilbur L. Ross, Jr.

  Wilbur L. Ross, Jr.,
  its Managing Member
WLR SELECT ASSOCIATES LLC
By:   WL Ross Group, L.P.,
  its Managing Member
By:   El Vedado, LLC, its General Partner
By:  

/s/ Wilbur L. Ross, Jr.

  Wilbur L. Ross, Jr.,
  its Managing Member


 

WLR MASTER CO-INVESTMENT GP, LLC
By:   WL Ross Group, L.P.,
  its Managing Member
By:   El Vedado, LLC, its General Partner
By:  

/s/ Wilbur L. Ross, Jr.

  Wilbur L. Ross, Jr.,
  its Managing Member
INVESCO PRIVATE CAPITAL, INC.
By:  

/s/ Wilbur L. Ross, Jr.

  Wilbur L. Ross, Jr.
  its Chief Executive Officer
INVESCO WLR IV ASSOCIATES LLC
By:   INVESCO Private Capital, Inc.
  its Managing Member
By:  

/s/ Wilbur L. Ross

  Wilbur L. Ross
  its Chief Executive Officer
WL ROSS GROUP, L.P.
By:   El Vedado, LLC, its General Partner
By:  

/s/ Wilbur L. Ross, Jr.

  Wilbur L. Ross, Jr.,
  its Managing Member
EL VEDADO, LLC
By:  

/s/ Wilbur L. Ross, Jr.

  Wilbur L. Ross, Jr.,
  its Managing Member
WILBUR L. ROSS, JR.
 

/s/ Wilbur L. Ross, Jr.

  Wilbur L. Ross, Jr.
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