Follow-on Offering

Energy
Follow-on Offering

Summary

Baird served as a senior co-manager in this offering

About

LINN Energy, LLC (Nasdaq:LINE) (the “Company”) recently completed a follow-on offering of 16,000,000 units of its limited liability company interests at a price of $38.80 per unit. The offering generated $620.8 million of gross proceeds. The Company intends to use proceeds from the offering to fund its pending acquisitions of oil properties in the Williston Basin and Permian Basin and to fund a portion of its pending tender offer for the Company's Senior Notes due 2017 and Senior Notes due 2018 and related expenses.

LINN Energy's mission is to acquire, develop and maximize cash flow from a growing portfolio of long-life oil and natural gas assets. LINN Energy is a top-20 U.S. independent oil and natural gas development company, with approximately 2.6 Tcfe of proved reserves in producing U.S. basins as of Dec. 31, 2010.

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
February 2011
Company
LINN Energy, LLC
Transaction
M&A
Sectors
Energy
Target Location
North America

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