Attached files
file | filename |
---|---|
8-K - FORM 8-K - ROAN RESOURCES, INC. | h76096e8vk.htm |
EX-4.1 - EX-4.1 - ROAN RESOURCES, INC. | h76096exv4w1.htm |
EX-4.2 - EX-4.2 - ROAN RESOURCES, INC. | h76096exv4w2.htm |
EX-1.1 - EX-1.1 - ROAN RESOURCES, INC. | h76096exv1w1.htm |
EX-99.2 - EX-99.2 - ROAN RESOURCES, INC. | h76096exv99w2.htm |
Exhibit 99.1
NEWS RELEASE |
LINN ENERGY ANNOUNCES PRIVATE OFFERING OF SENIOR NOTES
Houston, September 8, 2010 LINN Energy, LLC (NASDAQ: LINE) and its subsidiary, Linn Energy
Finance Corp., announced plans to commence a private offering to eligible purchasers of $750
million in aggregate principal amount of its senior unsecured notes due 2021. The Company intends
to use the majority of the net proceeds from the proposed offering to reduce debt under its
revolving credit facility. A portion of the proceeds will also be used to unwind certain interest
rate derivative contracts.
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 notes
will be offered only to qualified institutional buyers in reliance on Rule 144A under the
Securities Act and non-U.S. persons in transactions outside the United States in reliance on
Regulation S under the Securities Act.
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.
This press release includes forward-looking statements. 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 but are not limited to forward-looking
statements about acquisitions and the expectations of plans, strategies, objectives and anticipated
financial and operating results of the Company, including the Companys drilling program,
production, hedging activities, capital expenditure levels and other guidance included in this
press release. These statements are based on certain assumptions made by the Company based on
managements experience and perception of historical trends, current conditions, anticipated future
developments and other factors believed to be appropriate. Such statements are subject to a number
of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which
may cause actual results to differ materially from those implied or expressed by the
forward-looking statements. These include risks relating to the Companys financial performance and
results, availability of sufficient cash flow to pay distributions and execute its business plan,
prices and demand for oil, natural gas and natural gas liquids, the ability to replace reserves and
efficiently develop current reserves and other important factors that could cause actual results to
differ materially from those projected as described in the Companys reports filed with the
Securities and Exchange Commission. See Risk Factors in the Companys Annual Report filed on Form
10-K and other public filings and press releases.
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.
CONTACTS:
|
LINN ENERGY, LLC | |
Investors: | ||
Clay Jeansonne, Vice President Investor Relations | ||
281-840-4193 | ||
Media: | ||
Paula Beasley, Manager, Public Affairs & Communications | ||
281-840-4183 |