LINN Energy LINE announced plans to commence a private offering to eligible purchasers of $1.5 billion in aggregate principal amount of its senior unsecured notes due 2019. The company intends to use the net proceeds from the proposed offering to fund the pending Hugoton Basin acquisition, to repay indebtedness outstanding under its revolving credit facility, and for general corporate purposes.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in