LINN Energy, LLC (LINE) said Monday that it plans to conduct a public offering of 16 million of its units representing limited liability company interests.
LINN Energy expects to grant the underwriters a 30-day option to purchase up to an additional 2.4 million units.
Net proceeds from the offering are expected to be used to repay debt under LINN Energy's credit facility, which debt was mainly incurred to fund the open market repurchases of LINN and Berry's senior notes.
For comments and feedback contact: editorial@rttnews.com
Business News