LINN Energy Inc.

Reorganized successor to LINN Energy LLC and its affiliated entities emerged from Chapter 11 restructuring. LINN and Berry Petroleum will operate as standalone companies. Restructuring reduced the total debt, and also lowered the pro forma net debt of $962 million, resulting in $730 million of liquidity. The board engaged Jefferies LLC as lead adviser and began exploring potential strategic alternatives including selling five assets. Alongside Jefferies, RBC Richardson Barr, CIBC Griffis & Small and Tudor Pickering, Holt & Co. will advise on the sales. Kirkland & Ellis LLP was LINN’s legal adviser. Lazard was financial adviser and AlixPartners was restructuring adviser. Jefferies is lead financial adviser in strategic review.