Linn energy and LinnCo to sell offerings

On February 20, 2015, Linn Energy, LLC (the “Company”) entered into an Amended and Restated Equity Distribution Agreement (the “Distribution Agreement”) with Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and UBS Securities LLC (collectively, the “Managers”). Pursuant to the terms of the Distribution Agreement, the Company may issue and sell from time to time through the Managers, as the Company’s sales agents, units representing limited liability company interests in the Company (the “Units”) having an aggregate offering price of up to $500 million. Sales of the Units, if any, made under the Distribution Agreement will be made by means of ordinary brokers’ transactions, through the facilities of The NASDAQ Global Select Market, any other national securities exchange or facility thereof, a trading facility of a national securities association or an alternate trading system, to or through a market maker or directly on or through an electronic communication network, a “dark pool” or any similar market venue, at market prices, in block transactions, or as otherwise agreed upon by the Managers and the Company. The Units have been registered under the Securities Act of 1933, as amended (the “Securities Act”), pursuant to a Registration Statement on Form S-3 (Registration No. 333-184647) (the “Registration Statement”) of the Company, as amended, and as supplemented by the Prospectus Supplement dated February 20, 2015 relating to the sale of the Units, filed with the Securities and Exchange Commission pursuant to Rule 424(b)(5) of the Securities Act on February 20, 2015.

This may raise much needed cash, but after units have been cut in half over the last few years we have to question the timing here