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Published on 2/9/2011 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Linn calls $89.57 million 9 7/8% notes, $87.5 million 11¾% notes

By Melissa Kory

Cleveland, Feb. 9 - Linn Energy, LLC and Linn Energy Finance Corp. announced that they will redeem their $89,574,000 of 9 7/8% senior notes due July 1, 2018 and $87.5 million of 11¾% senior notes due May 15, 2017.

The notes will be redeemed on March 10. The 9 7/8% notes will be redeemed at 109.875, and the 11¾% notes will be redeemed at 111.75. All holders will also receive accrued interest to the redemption date.

U.S. Bank is the redemption agent.

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


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