Linn Energy LLC - 2010-12-09
Description
Priced its public offering of 10 million units of its limited liability company interests at $35.92 per unit. Net proceeds of approximately $344 million, or approximately $396 million if the underwriters exercise their option to purchase the additional units, will be used to reduce debt under the company's revolving credit facility and for general corporate purposes. RBC Capital Markets, Barclays Capital, Citi, UBS Investment Bank, Wells Fargo Securities, Credit Suisse and Raymond James are joint book-running managers.