Linn Energy, LLC : LINN Energy Announces Pricing of Its Public Offering of 17,000,000 Units

HOUSTON, Jan. 12, 2012 (GLOBE NEWSWIRE) -- LINN Energy, LLC (Nasdaq:LINE) announced today the pricing of its public offering of 17,000,000 units of its limited liability company interests at a price to the public of $35.95 per unit. The underwriters have an option to purchase up to an additional 2,550,000 units from the Company at the public offering price less the underwriting discount. The offering is expected to settle and close on January 19, 2012, subject to customary closing conditions.

The Company expects to receive net proceeds from the offering of approximately $586 million (or approximately $674 million if the underwriters exercise their option to purchase additional units in full). Net proceeds from the offering are expected to be used to repay a portion of the indebtedness outstanding under the Company's revolving credit facility.

Wells Fargo Securities, BofA Merrill Lynch, Barclays Capital, Citigroup, Raymond James, RBC Capital Markets, UBS Investment Bank, Credit Suisse, Goldman Sachs & Co. and J.P. Morgan acted as joint book-running managers for the offering. A copy of the prospectus supplement and the base prospectus relating to the offering may be obtained from:

Wells Fargo Securities	RBC Capital Markets, LLC
Attn: Equity Syndicate Dept.	Attn: Equity Syndicate
375 Park Avenue	Three World Financial Center
New York, NY 10152	200 Vesey Street, 8th Floor
Phone: [phone]	New York, NY 10281-8098
Email: [e-mail]	Phone: [phone]
BofA Merrill Lynch	UBS Investment Bank
Attn: Prospectus Department	Attn: Prospectus Department
4 World Financial Center	299 Park Avenue
New York, NY 10080	New York, NY 10171
Email: [e-mail]	Phone: [phone]
Barclays Capital	Credit Suisse Securities (USA) LLC
c/o Broadridge Financial Solutions	Attn: Prospectus Department
1155 Long Island Avenue	One Madison Avenue, 1B
Edgewood, NY 11717	New York, NY 10010
Phone: [phone]	Phone: [phone]
Email: [e-mail]
Citigroup	Goldman Sachs & Co.
Attn: Prospectus Department	Attn: Prospectus Department
Brooklyn Army Terminal	200 West Street
140 58th Street, 8th Floor	New York, NY 10282
Brooklyn, NY 11220	Phone: [phone]
Phone: [phone]	Email: [e-mail]
Email: [e-mail]
Raymond James & Associates, Inc.	J.P. Morgan Securities LLC
Attn: Equity Syndicate	c/o Broadridge Financial Solutions
880 Carillon Parkway	1155 Long Island Avenue
St. Petersburg, FL 33716	Edgewood, NY 11717
Phone: [phone]	Telephone: [phone]

This press release does not constitute an offer to sell or a solicitation of an offer to buy units or any other securities, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering of these securities may be made only by means of the prospectus supplement and the related base prospectus.

This press release includes "forward-looking statements" within the meaning of the federal securities laws. 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 the Company's plans to complete a public offering of units of its limited liability company interests and the use of proceeds therefrom. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, including market conditions, operational developments with respect to the Company and other factors described in the Company's reports filed with the SEC. 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.

The LINN Energy logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6573

CONTACT: LINN ENERGY, LLC

         

         Investors:

         Clay Jeansonne, Vice President - Investor Relations

         281-840-4193

         

         Media:

         Paula Beasley, Manager, Public Affairs & Communications

         281-840-4183