LINN Energy Announces Public Offering of Units
HOUSTON, Jan. 11, 2012 (GLOBE NEWSWIRE) -- LINN Energy, LLC (Nasdaq:LINE) announced today that it plans to conduct a public offering of 17,000,000 units of its limited liability company interests pursuant to an effective shelf registration statement on Form S-3 filed with the Securities and Exchange Commission. LINN Energy expects to grant the underwriters a 30-day option to purchase up to an additional 2,550,000 units. Net proceeds from the offering are expected to be used to repay a portion of the indebtedness outstanding under the Company's revolving credit facility.
Wells Fargo Securities, Barclays Capital, BofA Merrill Lynch, Citigroup, Raymond James, RBC Capital Markets, UBS Investment Bank, Credit Suisse, Goldman Sachs & Co. and J.P. Morgan will act as joint book-running managers for the offering. When available, a copy of the prospectus relating to the offering may be obtained from:
The LINN Energy logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6573 This press release does not constitute an offer to sell or a solicitation of an offer to buy units or any other securities, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering of these securities may be made only by means of the prospectus supplement and the related base prospectus. This press release includes "forward-looking statements" within the meaning of the federal
securities laws. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements include the Company's plans to complete a public offering of units of its limited liability company interests and the use of proceeds therefrom. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, including market conditions, operational developments with respect to the Company and other factors described in the Company's reports filed with the SEC. Any forward-looking statement speaks only as of the date on which such statement is made and the Company undertakes no obligation to correct or update any forward-looking
statement, whether as a result of new information, future events or otherwise.
Wells Fargo Securities
RBC Capital Markets, LLC
Attn: Equity Syndicate Dept.
Attn: Equity Syndicate
375 Park Avenue
Three World Financial Center
New York, NY 10152
200 Vesey Street, 8th Floor
Phone: (800) 326-5897
New York, NY 10281-8098
Email: cmclientsupport@wellsfargo.com
Phone: (212) 822-4089
Barclays Capital
UBS Investment Bank
c/o Broadridge Financial Solutions
Attn: Prospectus Department
1155 Long Island Avenue
299 Park Avenue
Edgewood, NY 11717
New York, NY 10171
Phone: (888) 603-5847
Phone: (888) 827-7275
Email: Barclaysprospectus@broadridge.com
Credit Suisse Securities (USA) LLC
BofA Merrill Lynch
Attn: Prospectus Department
Attn: Prospectus Department
One Madison Avenue, 1B
4 World Financial Center
New York, NY 10010
New York, NY 10080
Phone: (800) 221-1037
Email: dg.prospectus_requests@baml.com
Goldman Sachs
Citigroup
Attn: Prospectus Department
Attn: Prospectus Department
200 West Street
Brooklyn Army Terminal
New York, NY 10282
140 58th Street, 8th Floor
Phone: (866) 471-2526
Brooklyn, NY 11220
Email: prospectus-ny@ny.email.gs.com
Phone: (800) 831-9146
Email: batprospectusdept@citi.com
J.P. Morgan
c/o Broadridge Financial Solutions
Raymond James & Associates, Inc.
1155 Long Island Avenue
Attn: Equity Syndicate
Edgewood, NY 11717
880 Carillon Parkway
St. Petersburg, FL 33716
Phone: (800) 248-8863
CONTACT: LINN ENERGY, LLC
Investors:
Clay Jeansonne, Vice President - Investor Relations
281-840-4193
Media:
Paula Beasley, Manager, Public Affairs & Communications
281-840-4183