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LINN Energy, Subsidiary Offer To Buy Berry Petroleum’s Senior Notes

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January 15, 2014

LINN Energy LLC (NasdaqGS: LINE) and LinnCo LLC (NasdaqGS: LNCO) offered to purchase three classes of senior notes belonging to Berry Petroleum Co.(NYSE: BRY) Jan. 15. All outstanding 10.25% notes due 2014, all 6.75% notes due 2020 and 6.375% notes due 2022 from Berry will be offered until Feb. 14, the company said.

Berry became a wholly-owned subsidiary of LINN Energy Dec. 16 under a Change of Control, the company said. Under it, Berry is required to make a repurchasing offer, the company said.

The repurchasing offer can cover either ...


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