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Linn Energy, LLC 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.

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