LINN Energy Announces 17M Public Offering of Units

LINN Energy, LLC (Nasdaq: LINE) announced today that it plans to conduct a public offering of 17,000,000 units of its limited liability company interests pursuant to an effective shelf registration statement on Form S-3 filed with the Securities and Exchange Commission. LINN Energy expects to grant the underwriters a 30-day option to purchase up to an additional 2,550,000 units. Net proceeds from the offering are expected to be used to repay a portion of the indebtedness outstanding under the Company's revolving credit facility.