Attached files
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8-K - FORM 8-K - ROAN RESOURCES, INC. | h82156e8vk.htm |
EX-99.1 - EX-99.1 - ROAN RESOURCES, INC. | h82156exv99w1.htm |
Exhibit 99.2
NEWS RELEASE |
LINN ENERGY ANNOUNCES PRIVATE OFFERING OF SENIOR NOTES
HOUSTON, May 9, 2011 LINN Energy, LLC (NASDAQ: LINE) and its subsidiary, Linn Energy Finance
Corp., announced plans to commence a private offering to eligible purchasers of $750 million in
aggregate principal amount of its senior unsecured notes due 2019. The Company intends to use the
majority of the net proceeds from the proposed offering to fund the pending Texas Panhandle
acquisition and to reduce debt under its revolving credit facility.
The notes to be offered have not been registered under the Securities Act of 1933, as amended (the
Securities Act), or any state securities laws and, unless so registered, may not be offered or
sold in the United States except pursuant to an exemption from, or in a transaction not subject to,
the registration requirements of the Securities Act and applicable state securities laws. The notes
will be offered only to qualified institutional buyers in reliance on Rule 144A under the
Securities Act and non-U.S. persons in transactions outside the United States in reliance on
Regulation S under the Securities Act.
This announcement shall not constitute an offer to sell or the solicitation of an offer to buy the
notes nor shall there be any sale of the notes in any state in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the securities laws of any such
state.
This press release includes forward-looking statements. All statements, other than statements
of historical facts, included in this press release that address activities, events or developments
that the Company expects, believes or anticipates will or may occur in the future are
forward-looking statements. These statements include but are not limited to forward-looking
statements about the offering, acquisitions, including the Texas Panhandle acquisition, and the
expectations of plans, strategies, objectives and anticipated financial and operating results of
the Company, including the Companys drilling program, production, hedging activities, capital
expenditure levels and other guidance included in this press release. These statements are based on
certain assumptions made by the Company based on managements experience and perception of
historical trends, current conditions, anticipated future developments and other factors believed
to be appropriate. Such statements are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of the Company, which may cause actual results
to differ materially from those implied or expressed by the forward-looking statements. These
include risks relating to the Companys financial performance and results, availability of
sufficient cash flow to pay distributions and execute its business plan, prices and demand for oil,
natural gas and natural gas liquids, the ability to replace reserves and efficiently develop
current reserves and other important factors that could cause actual results to differ materially
from those projected as described in the Companys reports filed with the Securities and Exchange
Commission. See Risk Factors in the Companys Annual Report filed on Form 10-K and other public
filings and press releases.
Any forward-looking statement speaks only as of the date on which such statement is made and the
Company undertakes no obligation to correct or update any forward-looking statement, whether as a
result of new information, future events or otherwise.
CONTACTS:
|
LINN ENERGY, LLC | |
Investors: | ||
Clay Jeansonne, Vice President Investor Relations | ||
281-840-4193 | ||
Media: | ||
Paula Beasley, Manager, Public Affairs & Communications | ||
281-840-4183 |