Attached files
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8-K - FORM 8-K - ROAN RESOURCES, INC. | h71935e8vk.htm |
EX-1.1 - EX-1.1 - ROAN RESOURCES, INC. | h71935exv1w1.htm |
Exhibit 99.1
NEWS RELEASE |
LINN ENERGY PRICES $1.3 BILLION OF 8.625% SENIOR NOTES
Houston, March 30, 2010 LINN Energy, LLC (NASDAQ: LINE) and its subsidiary, Linn Energy Finance
Corp., announced today a private offering to eligible purchasers of $1.3 billion in aggregate
principal amount of 8.625% senior unsecured notes due 2020 at an offering price equal to 97.552% of
par. LINN Energy intends to use the majority of the net proceeds from the notes offering to reduce
debt under its revolving credit facility. Additionally, a portion of the proceeds from the sale of
the notes will be used to unwind certain interest rate swaps. The offering is expected to close on
April 6, 2010, subject to satisfaction of customary closing conditions.
The notes to be offered have not been registered under the Securities Act of 1933, as amended (the
Securities Act), or any state securities laws and, unless so registered, may not be offered or
sold in the United States except pursuant to an exemption from, or in a transaction not subject to,
the registration requirements of the Securities Act and applicable state securities laws. The
senior unsecured notes will be offered only to qualified institutional buyers under Rule 144A and
non-U.S. persons under Regulation S.
This announcement shall not constitute an offer to sell or the solicitation of an offer to buy the
notes nor shall there be any sale of the notes in any state in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the securities laws of any such
state.
CONTACTS:
|
Investors: | |
LINN Energy, LLC | ||
Clay Jeansonne, Vice President Investor Relations | ||
281-840-4193 | ||
Media: | ||
LINN Energy, LLC | ||
Paula Beasley, Manager, Public Affairs & Communications | ||
281-840-4183 |
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 Companys plans to complete a private offering of $1.3 billion of senior unsecured
notes. 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 Companys reports filed with the
Securities and Exchange Commission.