Linn Energy Plans $1 Bln Senior Notes Offering

(RTTNews) - Linn Energy, LLC (LINE) said Thursday that it plans to commence an underwritten public offering of $1.0 billion of senior notes, consisting of 6.500% senior unsecured notes due 2019 and senior unsecured notes due 2021.

Net proceeds from the offering as well as cash on hand are expected to be used to repay indebtedness outstanding under Linn Energy, LLC's bridge loan agreement.

Barclays Capital Inc., Scotia Capital (USA) Inc., RBC Capital Markets, LLC, Wells Fargo Securities, LLC, Citigroup Global Markets Inc., Credit Agricole Corporate and Investment Bank, Goldman, Sachs & Co., RBS Securities Inc. and UBS Securities LLC are acting as joint book-running managers for the offering.