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Prospect News home > News index > List of issuers L > Headlines for Linn Energy LLC > News item
Published on 3/29/2010 in the Prospect News Bank Loan Daily.

LINN Energy to draw on revolver for acquisition of oil and gas assets

By Sara Rosenberg

New York, March 29 - LINN Energy LLC plans to use borrowings under its revolving credit facility to fund the $305 million purchase of oil and natural gas properties located in the Permian Basin, according to a news release.

Closing on the transaction is expected to occur before May 27.

LINN is a Houston-based oil and natural gas development company.


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