Linn Energy LLC - 2012-06-25

Announced that Linn Co. LLC, its subsidiary, has filed for an initial public offering. The net proceeds will be used to acquire a number of LINN units equal to the number of LinnCo shares sold in the offering. LINN expects to use the proceeds it receives from the sale of LINN units to LinnCo for general corporate purposes, including financing its acquisition strategy, repaying debt and paying offering expenses. Barclays will act as lead book-running manager.