Linn Energy to repay credit facility debt with unit offering proceeds

By Tali Rackner

Norfolk, Va., May 18 – Linn Energy, LLC plans to repay debt under its amended credit facility with the proceeds from an offering of 16 million units, according to a 424B3 filing with the Securities and Exchange Commission.

As of March 31, there was about $2,475,000,000 outstanding under the facility.

Linn Energy is a Houston-based oil and gas company.

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