Linn Energy LLC - 2015-10-21

Lowered the borrowing availability under its credit facility during semiannual redetermination. The borrowing base for Berry Petroleum Co. LLC was reduced to $900 million. The amount under Berry’s facility includes $250 million of restricted cash previously posted as collateral with Berry's lenders. Lenders also approved the potential combination of LINN’s and Berry’s credit facilities under certain conditions, subject to a combined borrowing base of $4.05 billion. LINN’s undrawn capacity is currently about $790 million. Each company may incur up to $4 billion and $500 million, respectively, of junior lien debt.