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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Thu., May. 28, 5:51 AM

Slide #16. LINN Energy, LLC Secondary Offering

Company: LINN Energy, LLC (NASDAQ:LINE)
Date announced: 5/18/2015
Shares Offered: 16,000,000
Date of Pricing: 5/19/2015
Price Per Share: $11.79
Secondary Offering Details: LINN Energy, LLC (Nasdaq:LINE) announced today that it plans to conduct a public offering of 16,000,000 of its units representing 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 2,400,000 units. Net proceeds from the offering are expected to be used to repay debt under LINN Energy's Credit Facility, which debt was primarily incurred to fund the open market repurchases of LINN and Berry's senior notes. - updated 5/19 - LINN Energy, LLC (Nasdaq:LINE) announced today the pricing of its public offering of 16,000,000 of its units representing limited liability company interests at a price to the public of $11.79 per unit. The underwriters have a 30-day option to purchase up to an additional 2,400,000 units from the Company at the public offering price less the underwriting discount. The offering is expected to settle and close on May 22, 2015, subject to customary closing conditions.

Linn Energy is an independent oil and natural gas company. Co.'s properties are located in seven operating regions in the U.S., including Rockies, which includes properties located in Wyoming (Green River Basin and Powder River Basin), Utah (Uinta Basin), North Dakota (Williston Basin) and Colorado (Piceance Basin); Mid-Continent; Texas Panhandle; Hugoton Basin, which includes properties located primarily in Kansas and the Shallow Texas Panhandle; California, which includes the San Joaquin Valley Basin and the Los Angeles Basin; Permian Basin; Michigan/Illinois; and East Texas. At Dec 31 2013, Co. had estimated total proved reserves of 6.40 trillion cubic feet of gas equivalent.
Open the LINE Page at The Online Investor »

Company Name:  Linn Energy LLC
Sector:  Oil & Gas Exploration & Production
Number of ETFs Holding LINE:  3
Total Market Value Held by ETFs:  $10.18M
Total Market Capitalization:  $3.86B
% of Market Cap. Held by ETFs:  0.26%

Open the LINE Page at The Online Investor (in a new window) »

May 28, 2015    5:51 AM Eastern
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Hold (2.37 out of 4)
14th percentile
(ranked lower than approx. 86% of all stocks covered)
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