HOUSTON, Oct. 2, 2012 (GLOBE NEWSWIRE) -- LINN Energy, LLC (Nasdaq:LINE) ("LINN") announced today that LinnCo, LLC (Nasdaq:LNCO) ("LinnCo"), a wholly-owned subsidiary of LINN, has commenced an initial public offering of 30,250,000 common shares representing limited liability company interests in LinnCo pursuant to a registration statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission ("SEC"). The underwriters will be granted a 30-day option to purchase an additional 4,537,500 common shares. The common shares have been approved for listing on the NASDAQ Global Select Market and subject to official notice of issuance will trade under the symbol "LNCO".
Barclays, Citigroup, RBC Capital Markets, Wells Fargo Securities, BofA Merrill Lynch, Credit Suisse, Raymond James and UBS Investment Bank will act as the joint book-running managers in the transaction. Goldman, Sachs & Co., and J.P. Morgan, will act as senior co-managers in the transaction. Baird, BMO Capital Markets, Credit Agricole CIB, CIBC, Scotiabank / Howard Weil and Mitsubishi UFJ Securities will act as the co-managers in the transaction.
This offering of common shares will be made only by means of a prospectus. A written prospectus, which meets the requirements of Section 10 of the Securities Act of 1933, may be obtained through:
|c/o Broadridge Financial Solutions||c/o Broadridge Financial Solutions|
|1155 Long Island Avenue||1155 Long Island Avenue|
|Edgewood, NY 11717||Edgewood, NY 11717|
|(888) 603-5847||(800) 831-9146|
|RBC Capital Markets||Wells Fargo Securities|
|Attn: Equity Syndicate||Attn: Equity Syndicate Dept.|
|Three World Financial Center||375 Park Avenue|
|200 Vesey Street, 8th Floor||New York, NY 10152|
|New York, NY 10281-8098||(800) 326-5897|
|BofA Merrill Lynch||Credit Suisse|
|Attn: Prospectus Department||Attn: Prospectus Department|
|222 Broadway, 7 th Floor||One Madison Avenue, 1B|
|New York, NY 10038||New York, NY 10010|
|Raymond James||UBS Investment Bank|
|Attn: Equity Syndicate||Attn: Prospectus Department|
|880 Carillon Parkway||299 Park Avenue|
|St. Petersburg, FL 33716||New York, NY 10171|
|(800) 248-8863||(888) 827-7275|
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