March 22 (Reuters) - Linn Energy:
* Announces acquisition of Antrim shale properties in Michigan for $330
million, public offering of units and amended five-year $1.5 billion credit
facility
* Says anticipates that the acquisition will close on or before April 30
* Says also announced that it has received commitments to amend its revolving
credit facility
* Says is extending a public offering of 12,000,000 units of its limited
liability company interests
* Says antrim shale assets has current net production of approximately 30
mmcfe/d
* Says amendment will provide $1.5 billion facility with $1.5 billion borrowing
base, extend the maturity to March 2015
* Says received commitments to amend its revolving credit facility
* Says to acquire natural gas properties from Highmount Exploration &
Production LLC
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Announces acquisition of Antrim shale properties in Michigan for $330
million, public offering of units and amended five-year $1.5 billion credit
facility
* Says anticipates that the acquisition will close on or before April 30
* Says also announced that it has received commitments to amend its revolving
credit facility
* Says is extending a public offering of 12,000,000 units of its limited
liability company interests
* Says antrim shale assets has current net production of approximately 30
mmcfe/d
* Says amendment will provide $1.5 billion facility with $1.5 billion borrowing
base, extend the maturity to March 2015
* Says received commitments to amend its revolving credit facility
* Says to acquire natural gas properties from Highmount Exploration &
Production LLC
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.