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.