Follow-on Offering

Energy
Follow-on Offering

Summary

Baird served as a senior co-manager in this offering.

About

LINN Energy, LLC (Nasdaq: LINE) (“LINN” or the “Company”) recently completed a follow-on offering of 11,500,000 common units, representing limited liability company interests in LINN at a price of $35.92 per unit. The offering generated gross proceeds of $413.1 million. LINN intends to use the proceeds to reduce debt under the Company's revolving credit facility and for general corporate purposes.

LINN’s mission is to acquire, develop and maximize cash flow from a growing portfolio of long-life oil and natural gas assets. LINN is an independent oil and natural gas development company with approximately 2.4 Tcfe of proved reserves in producing U.S. basins as of year-end 2009 (pro forma for 2010 announced and closed acquisitions). The Company’s properties are located in the United States, primarily in the Mid-Continent, Permian Basin, California and Michigan.

For additional information about this transaction, please contact:

Curtis Goot (314) 445-6540
Frank Murphy (314) 445-6532
Kjell Lundal (314) 445-6533
Energy
Follow-on Offering
Date
December 2010
Company
LINN Energy, LLC
Transaction
M&A
Sectors
Energy
Target Location
North America

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