Tuesday, October 11, 2016

"Linn Energy Has New Deal With Creditors to Take Over Company"

"Gas driller Linn Energy LLC announced a new deal with bondholders to divide up the company after it reorganizes and exits bankruptcy sometime next year, lawyers told the judge overseeing the case. Unsecured noteholders will own about 60 percent of Linn, with the rest going to second-lien bondholders..."

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