Wed, Aug 27, 2014, 7:30 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Linn Energy, LLC (LINE) Message Board

  • opinionsarelike33 opinionsarelike33 Sep 12, 2013 3:44 PM Flag

    The new deal and financing

    This is why I said this deal was done already.

    Cash or credit?
    LINN is taking out a $500 million senior secured term loan to pay for the deal. While LINN is putting a portion of the deal on its revolving credit facility, the fact that it's going to its banks to take out a term loan tells me something. Those banks don't see the same issues with LINN's cash flow or hedging practices that short-sellers do. I'd view that as a nice show of confidence from LINN's banking partners.

    The money was secured awhile back ago from how they did this financing. Using 500 million senior secured term loan the revolving credit and to its banks. Pretty easy to figure this out.

 
LINE
31.42+0.20(+0.64%)Aug 27 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.