LINN Posts Cash Tender Offers

LINN Energy has commenced cash tender offers and related consent solicitations to purchase any and all of its outstanding 11.75 percent senior notes due 2017 and 9.875 percent senior notes due 2018. The offer will expire at 11:59 p.m., New York City time, on March 25, 2011.

Holders who validly tender (and do not validly withdraw) notes due 2017 on or before 5:00 p.m., New York City time, on March 14, 2011 will receive the total consideration of $1,212.50 for each $1,000 principal amount of such notes accepted for purchase. This amount includes a consent payment of $30.00 per $1,000 principal amount of notes accepted for purchase. Holders who validly tender (and do not validly withdraw) notes due 2017 after the consent expiration date but before the expiration date will be eligible to receive $1,182.50 for each $1,000 principal amount of such notes accepted for purchase.

Holders who validly tender (and do not validly withdraw) notes due 2018 on or before 5:00 p.m., New York City time, on March 14, 2011 will receive the total consideration of $1,172.50 for each $1,000 principal amount of such notes accepted for purchase. This amount includes a consent payment of $30.00 per $1,000 principal amount of notes accepted for purchase. Holders who validly tender (and do not validly withdraw) notes due 2018 after the consent expiration date but before the expiration date will be eligible to receive $1,142.50 for each $1,000 principal amount of such notes accepted for purchase.

Tendered notes may be validly withdrawn and consents may be revoked before 5:00 p.m., New York City time, on March 14, 2011, unless extended but not afterwards unless required by law.

In conjunction with each tender offer, the Company is soliciting from holders of the notes consents to proposed amendments to the indentures to the notes due 2017 and notes due 2018, which would eliminate most of the covenants and certain default provisions applicable to the series of notes issued under such indenture. Adoption of the proposed amendments to each indenture requires the consent of the holders of a majority of the outstanding principal amount of the series of notes issued thereunder. Each tendering holder will be deemed to have consented to the proposed amendments.

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