Linn Energy, Limited Liability Company (LINE: Quote) reported last Thursday that their company is planning to commence in offering to the public senior notes for 1 billion U.S. dollars. This consists of 6.500% of senior unsecured notes that is due in the year 2019 and also senior unsecured notes that is due in the year 2021. Linn Energy is a fully independent oil company that is based in Texas, and it also deals with natural gas. The said company has oil and gas assets in many places in the U.S., with company properties in Texas, Oklahoma, and Louisiana.

Linn Energy, Limited Liability Company’s overall net proceeds of said sale of said public senior notes as well as the company’s current cash on hand will be generally used in repaying their outstanding debts that is under Linn Energy, Limited Liability Company’s recent bridge loan agreement. Analysts see this move a needed step to improve and raise the company’s overall state and performance. This of course if the public steps up and do purchase said senior notes.

Big industry names are acting jointly for the sale of said senior notes as book-running managers. Industry leaders such as Barclays Capital, RBC Capital Markets, Scotia Capital (USA), Wells Fargo Securities, Citigroup Global Markets, Goldman, Credit Agricole Corporate and Investment Bank, Sachs & Co., UBS Securities and RBS Securities will generally collaborate in making sure that the sale will end on a positive note. Many analysts believe that the selling of these public senior notes will have profound effects on the company and in the industry.