LINN Energy Enters Into a Settlement Agreement With Certain Senior Secured Second Lien Noteholders
05 avr. 2016 17h27 HE
| Source:
Cadiz, Inc.;iDreamSky Technology Limited ;Impact Telecom;CNS Response, Inc.;Akers Biosciences, Inc.;Inteliquent, Inc.;Meridian Audio;Triax,Unitron Group;Triax;Unitron Group;Global Invacom Group Limited;MARUSYS;Diamondback Energy, Inc.;Fifth Street Senior Floating Rate Corp.;Fujitsu America, Inc.;CB Financial Services, Inc.;Diamondback Energy, Inc.;First Citizens Bancorporation, Inc.;ZAIS Group, LLC;Udi's Gluten Free;LinnCo, LLC;Blue Bird Corporation;CB Financial Services, Inc.;Nielsen;Rose Rock Midstream;Western Refining, Inc.;CB Financial Services, Inc.;7digital;Horizon Technology Finance Corporation;Bernstein Litowitz Berger & Grossmann LLP ;Fifth Street Senior Floating Rate Corp.;LinnCo, LLC;LinnCo, LLC;Globe Specialty Metals Inc. ;The Channel Company;American Water Works Company, Inc.;Top Ships, Inc.;Energy Fuels, Inc.;ForceField Energy, Inc.;Profire Energy, Inc.;InterCloud Systems, Inc.;Lattice, Inc.;GlyEco, Inc.;Quadrant 4 System Corp.;Bitcoin Shop, Inc.;Iveda Solutions, Inc., Direct Insite Corp., Drone Aviation Holding Corp., Big North Graphite Corp., The Coin Tree;Starstream Entertainment, Inc., Giggles N' Hugs, Inc., StationDigital Corp., Exeo Entertainment, Inc., I-Tap, Inc.;Clal Biotechnology Industries Ltd.;Presbyterian Senior Living;Actinium Pharmaceuticals, Inc.;Pac-12 Networks;NETGEAR, Akers Biosciences, TOP Ships;Rose Rock Midstream, L.P.;LinnCo, LLC;SoftIron;Cosmodyne, LLC;Cosmodyne, LLC;aioTV;Fyffes;Targa Resources Corp.;Western Refining, Inc.;Targa Resources Corp. ;Diamondback Energy, Inc.;Azteca America;Fundacion Azteca America;RBC Wealth Management;RBC Wealth Management;Targa Resources Corp.;BBC Worldwide;Market America, Inc. & SHOP.COM;LinnCo, LLC;eBay;Baker Donelson;Riverside Bank;Viper Energy Partners LP;Takeda Pharmaceutical Company Limited;OxySure Systems, Inc.;Southwest Airlines;LinnCo, LLC;Berkshire Hills Bancorp, Inc.;The Care and Concern Free Health Clinic;LifeLock, Inc.;Diamondback Energy, Inc.;Panasonic Corporation;Actinium Pharmaceuticals;SemGroup Corporation;Rose Rock Midstream L.P.;Fifth Street Senior Floating Rate Corp.;Valley Community Bank ;Actinium Pharmaceuticals, Inc.;Aptys Solutions;Cancer Genetics, Inc. ;E4 Computer Engineering;NXP Semiconductors N.V.;Bristol-Myers Squibb Company, Pfizer Inc.;Profire Energy;BNC Bancorp;Bigstock;DCR Strategies Inc. | TruCash;Akers Biosciences Inc.;OxySure Systems, Inc.;NETGEAR;TESARO, Inc.;Lattice Incorporated;Perritt Capital Management;Merck;Holland;Bristol-Myers Squibb;GlyEco, Inc.;LinnCo, LLC;The Home Depot;Lionbridge Technologies, Inc.;NatureWorks;TriQuint Semiconductor, Inc. ;Perspecta Trust LLC ;Fluor Corporation ;Rose Rock Midstream, L.P.;j2 Global;INC Research, Inc. ;Targa Resources Corp.;Holland;Women's Health USA;BillerudKorsnas AB;Oregon Health & Science University;LinnCo, LLC ;Y-TEC;Beyond Semiconductor;Trulia, Inc.;Holland;Diamondback Energy, Inc.;Federal Home Loan Bank of Seattle ;Phoenix Bancorp, Inc.;State Investors Bancorp, Inc. ;LinnCo, LLC;Akers Biosciences, Inc.;Sensory, Inc.;Targa Resources Corp.;American Red Cross;ProSyst;Otsuka Pharmaceutical Development & Commercialization, Inc.;Fifth Street Senior Floating Rate Corp.;Leapfrog;Phoenix Bancorp, Inc.;Cash Connect;Loomis;OnCore Biopharma, Inc.;Invetech Pty Ltd;Giggles N' Hugs, Inc.;LINN Energy, LLC;Princess Grace Hospital;Jack I. Zwick, Esq.;eWorld Companies, Inc.;Diamondback Energy, Inc.;NeuroBioPharm Inc.;Targa Resources Corp.;All Medical Solutions;The Medical Alliance, Inc.;Holland;SQN Banking Systems;Energy Fuels, Inc., Trecora Resources, Zivo Bioscience, Inc., AV Therapeutics, Inc., Lattice, Inc.;Targa Resources Corp. ;Cell Therapy Catapult;Allpoint Network;Targa Resources Partners LP;Rose Rock Midstream, L.P. ;Targa Resources Partners LP;ForceField Energy Inc.;Rose Rock Midstream, L.P.;Bristol Myers-Squibb;LinnCo, LLC;MaxLinear, Inc.;LinnCo, LLC;Acasti Pharma Inc.;Discovery Center of Idaho ;Courier Corporation ;QEST;LinnCo, LLC;BMV Group;Diamondback Energy, Inc.;Facilis Technology;Expedia, Inc.;Targa Resources Corp.;Viper Energy Partners LP;BMC Software, Inc. ;Centrosolar America, Inc.;Hanse Orga;Diamondback Energy, Inc.;OncoSec Medical Inc.;Stemgent;RM Auctions;LinnCo, LLC;AV Therapeutics, Inc.;Kyocera Communications Inc.;Walgreens;Liberty Mutual Insurance;Rose Rock Midstream, L.P.;Qualys, Inc.;Rose Rock Midstream;SemGroup Corporation;Reddaway;Federal Home Loan Bank of Seattle;MaxLinear, Inc.;Targa Resources Partners LP;NantHealth;LinnCo, LLC;thePlatform;Alliance Bancorp, Inc. of Pennsylvania;American Airlines Center;Bell Helicopter;Northpointe Bank;YRC Freight;Trading Technologies;OptionsCity Software;Orc;Quadrant 4 Systems Corp;OxySure Systems Inc;Lattice Inc.;Asia Pacific Stock Exchange;Inovalon;Nintendo Co., Ltd.;GridPoint;Holland;Pacific Coast Producers;Acasti Pharma Inc.;Noble Markets;Courier Corporation;LinnCo, LLC, Quantum Energy Partners ;YRC Freight;Rose Rock Midstream;CUR Media, Legacy Education Alliance, Apollo Medical Holdings;Fujifilm Holdings Corporation;Intrexon Corporation;Bitcoin Shop Inc.;Towers Watson & Co;Servier;Sporting Kansas City;LinnCo, LLC ;OxySure Systems, Inc.;Comptel Oyj;LinnCo, LLC;Putnam County Savings Bank;Outbrain Inc.;Squalan Natural Health B.V.;Lattice Incorporated;Trinity Health;Buena Vida Media;1347 Property Insurance Holdings, Inc., Cancer Genetics, Inc., Galectin Therapeutics, Inc., OxySure Systems, Inc., TOP Ships, Inc.;Asure Software, Inc.;CUR Media, Inc.;Bitcoin Shop, Inc.;Giggles N� Hugs, Inc.;Vapir Enterprises, Inc. ;Lightbridge Corp.;Profire Energy, Inc.;Lattice, Inc.;StationDigital, Inc.;Texas Rare Earth Resources, Inc.;Cardio3 BioSciences;Akers Biosciences, Inc., Arch Therapeutics, Inc., Zivo Bioscience, Inc., AV Therapeutics, Inc., Legacy Education Alliance, Inc.;Medytox Solutions, Inc.;Medytox Solutions, Inc.;Rose Rock Midstream
;Cardio3 BioSciences;LRR Energy, L.P.;Palmetto Bancshares, Inc.;New Penn;CareWell Urgent Care;MedImmune;Early Warning;CUR Media, Inc.;Fortress Biotech, Inc.;Kajeet;LinnCo, LLC;Bleckmann;Nordson Corporation;The Burlington Capital Group;Materialise;LinnCo LLC;Targa Resources Corp.;Cardio3 BioSciences;Juno Therapeutics, Inc.;Margaritaville Enterprises ;Diamondback Energy, Inc.;Fliphound ;SEPHORA;Florida Turbine Technologies, Inc.;Amazing Charts;Cancer Genetics, Inc.;Toyota;ProSyst;GreenPocket;Sorrento Therapeutics, Inc.;SmallCapVoice.com, Inc.;ReviveHealth;ReviveHealth;MeadWestvaco Corporation;Cancer Genetics, Inc.;Legacy Education Alliance, Inc.;StationDigital Corporation;VaultLogix;bluebird bio, Inc. ;Sprott Physical Gold Trust;Sprott Physical Silver Trust;OxySure Systems, Inc.;Appliance Recycling Centers of America;Ecobank;Pacific Coast Producers ;The Hamburg Port Authority;Open Access Technology International;LinnCo, LLC ;AppYea, Inc.;Valeant Pharmaceuticals International, Inc.;Pazoo, Inc.;ZenBanx Holding Ltd.;Jonas Fitness;Cancer Genetics Inc., Giggles N' Hugs Inc.;Intrexon Corporation;Building Materials Holding Corporation ;SmallCapVoice.com;Tokio Marine Holdings, Inc.;Nuveen Investments;Rambam Health Care Campus;Sprott Physical Gold Trust;Sprott Physical Silver Trust;Jamba Juice;Harmonix Music Systems, Inc.;Merz North America, Inc.;HNA Group;Sprott Inc.;Mediacom Communications Corporation;Calpian, Inc.;Marriott International;Colliers International Group Inc ;Colliers International Group Inc.;Kofi Annan Foundation;bluebird bio, Inc.;KKM Financial;Martha Stewart Living Omnimedia, Inc.;Sprott Physical Gold Trust;Sprott Physical Silver Trust;Sprott Physical Gold Trust;Chris4Life Colon Cancer Foundation;Dinaco;ZestFinance;Sprott Physical Gold Trust;Sprott Physical Silver Trust;Rhonda's Kiss;Usina Sao Martinho;LinnCo, LLC;LinnCo, LLC;Freescale Semiconductor ;Rose Rock Midstream;LinnCo, LLC;LinnCo, LLC;LinnCo, LLC;Sprott Physical Gold Trust;Sprott Physical Silver
Trust;Fifth Street Senior Floating Rate Corp.;Fifth Street Senior Floating Rate Corp.;Professional Diversity Network, Inc., Lightbridge Corp., Energy Fuels, Inc., Methes Energies International Ltd.;Calpian, Inc., Legacy Education Alliance, Inc., Bitcoin Shop, Inc., Lattice Incorporated;U-Vend,Inc.;Apollo Medical Holdings, Inc.;BioCorRx, Inc.;Intrexon Corporation;SSP;Royal Philips;New Generation Consumer Group, Inc.;Midrex Technologies, Inc.;RFMW Ltd.;Shenandoah Telecommunications Co;Medical Marijuana, Inc.;University of Colorado;LinnCo, LLC;Jiangsu Hengrui Medicine Co., Ltd.;Legacy Education Alliance, Inc.;Tekmira Pharmaceuticals Corporation;Diamondback Energy, Inc.;Sprott Physical Gold Trust;Sprott Physical Silver Trust;LinnCo, LLC ;Pascack Bancorp, Inc.;National Charity League, Inc., Glendale Chapter;Windstream ;Diamondback Energy, Inc.;Acasti Pharma Inc.;Rose Rock Midstream L.P.;SemGroup Corporation;Sprott Physical Gold Trust;Sprott Physical Silver Trust;New Penn;Reddaway;Holland;Merck;Genome Compiler Corp.;Shenandoah Telecommunications Co;Rethink Robotics;New Penn;Reddaway;Holland;Cancer Genetics, Inc.;Apollo Medical Holdings, Orbital Tracking;Zimbra;Visible Alpha;Immuron Limited;Lattice Incorporated ;Legacy Education Alliance, Inc.;LinnCo, LLC ;STEMCELL Technologies;State Investors Bancorp, Inc.;Sprott Physical Gold Trust;Sprott Physical Silver Trust;Blyth, Inc.;Shared-Use Mobility Center;LinnCo, LLC;LinnCo, LLC ;Sprott Physical Gold Trust;Sprott Physical Silver Trust;Reddaway, Holland;American Water Works;Apollo Medical Holdings;A.H. Belo;Global Brands Group Holding Limited;Sprott Physical Gold Trust;Sprott Physical Silver Trust
;Independence Holding Company;Imagine Communications Corp.;E4 Computer Engineering;Collagen Solutions plc;BNY Mellon;Dynetics Inc.;Sirona Dental Systems Inc.;Square 1 Financial, Inc.;Medical Marijuana, Inc.;BASF;Intrexon Corporation;Pineapple Express, Inc.;TeamConnor Childhood Cancer Foundation;Cabinet Grow, Inc.;CenterPoint Energy, Inc.;Transeastern Power Trust;Baxalta Incorporated;Targa Resources Corp.;LinnCo, LLC;AD;Domain Real Estate Partners, LLC ;Intrexon Corporation;Transeastern Power Trust;Rose Rock Midstream, L.P.;NewBridge Bancorp;AppYea Inc.;Distilled Spirits Council;Infor;Bristol-Myers Squibb;ARMO BioSciences, Inc.;Envestnet;Terra Tech Corp.;Targa Resources Corp.;SmartCard Marketing Systems;Linn Co, LLC;Green Plains Partners LP;Foundation for a Drug-Free World;Sprott Physical Gold Trust;Sprott Physical Gold Trust;Reis, Inc;TriVascular Technologies, Inc.;LinnCo;PositiveID Corporation;State Investors Bancorp, Inc.;Viper Energy Partners LP;Furmanite Corporation;Western Refining, Inc.;Murphy USA Inc.;Targa Resources Corp.;Diamondback Energy, Inc.;Windsor Castle Park Foundation;LinnCo;Pomerantz LLP;Baxalta Incorporated;Fifth Street Senior Floating Rate Corp. ;Momentous Entertainment Group;LinnCo, LLC;Targa Resources Partners LP;SemGroup Corporation;UIL Holdings Corporation;TriVascular Technologies, Inc.;AEON Clinical Laboratories;Sprott Physical Gold Trust, Sprott Physical Silver Trust;Capital Bank Financial Corp. ;Rocky Mountain Ayre, Inc.;SmartCard Marketing Systems Inc.;STG Group, Inc.;STG Group, Inc.;Sprott Physical Gold Trust, Sprott Physical Silver Trust;Trax;BioElectronics Corporation;Seen On Screen TV, Inc.;Targa Resources Corp.;Sprott Physical Gold Trust,Sprott Physical Silver Trust;Rose Rock Midstream, L.P.;Sprott Physical Gold Trust, Sprott Physical Silver Trust;Wilshire Bancorp, Inc.;Wilshire Bancorp, Inc.;Broadcom Corporation;The Johnson Studio;Sprott Physical Gold Trust, Sprott Physical Silver Trust;BASF;Sprott Physical Gold Trust, Sprott Physical Silver Trust;Daiichi Sankyo, Inc.;American Securities, P2 Capital Partners;Borsa Istanbul;Towers Watson;Zenbanx;Zenbanx;Hopewell Valley Community Bank;Pierre Fabre Laboratories;Sprott Physical Gold Trust;Sprott Physical Silver Trust;Sprott Physical Gold Trust;TowneBank;Hopkins Bancorp, Inc.;Baxalta Incorporated;Western Refining, Inc.;Terra Tech Corp.;Turkcell;Intrexon Corporation;Independence Holding Company;Cape Bancorp, Inc.;Tel Aviv Stock Exchange;The General;The Conservation Fund;CenterPoint Energy, Inc.;Auscrete Corporation;Rose Rock Midstream, L.P.;Baxalta Incorporated;Anchor BanCorp Wisconsin Inc.;Envoy Group Corp.; Sprott Physical Gold Trust;LATAM Airlines Group;LocalVox;Sprott Physical Gold Trust;LinnCo, LLC;PositiveID Corporation;Strategic Rare Earth Metals;Green Plains Partners LP;Rose Rock Midstream, LP;Broadcom Corporation;Healios;Harland Clarke;DCP Midstream, LLC;Dyn, Inc.;FieldAware;Powerhouse Science Center;DCP Midstream;Targa Resources Partners LP;Belterra Casino Resort;LinnCo, LLC;TRIANNI, Inc.;Colgate-Palmolive Company;Blueprint;Bit Stew Systems;ALK Technologies;Rose Rock Midstream, L.P.;Targa Resources Corp.;Shenandoah Telecommunications Co;Viper Energy Partners LP;SoftBank Group Corp.;Diamondback Energy, Inc.;Aerohive Networks;Diana Fruit Co., Inc.;Healios K.K.;Harmony Bank;GasLog Partners;Kontron;Kontron;Green Plains Partners LP;Southwest Airlines Co.;Rose Rock Midstream;LinnCo, LLC;Datawatch Corporation;JAVELIN Mortgage Investment Corp.;BAI;Pomerantz LLP;Green Plains Partners LP;LinnCo, LLC;Global Boatworks Holdings, Inc.;The Center for an Agricultural Economy;SharkReach, Inc.;NightFood Holdings, Inc.;Mango Capital, Inc.;Daiichi Sankyo Oncology;Constellation;Bridge Bank;LinnCo, LLC;Rocky Mountain High Brands, Inc.;Wohl and Fruchter LLP; YRC Worldwide;Striped Pig Distillery;Pulaski Financial Corp.;American Independence Corp.;CorreLog;MonoSol Rx;USI;CenterPoint Energy, Inc.;LinnCo;Wilshire Bancorp, Inc.;Advanced Medical Isotope Corporation ;PureSnax International, Inc. ;Consensus;Rose Rock Midstream;Navios Maritime Acquisition Corporation;Polycom;LinnCo, LLC;Efma;LinnCo, LLC;Intrexon Corporation;iStream Financial Services;Roc Nation;SnipGold Corp.;Microchip Technology;PetroShare Corp.;AbbVie;Green Plain Partners LP;Rocky Mountain High Brands, Inc.;LinnCo, LLC;Black Knight Financial Services, Inc.;Advanced Analytical Technologies, Inc.;LinnCo, LLC ;Behavioral Health Center of Excellence ;Cape Bancorp, Inc.;Advanced Medical Isotope Corporation;Auscrete Corporation;Viper Energy Partners LP;Diamondback Energy, Inc.;Garmin Ltd.;Gritstone Oncology;Vifor Pharma;FlexFridge Inc.;Royal Philips;LinnCo.;ascribe;Wilshire Bancorp, Inc.;LinnCo, LLC;Hudson & Marshall;Excalibur Resources Ltd.;Wilshire Bancorp, Inc.;Medical Marijuana, Inc. ;Townsquare Media;Prime Care Technologies;Pfizer Inc. ;Interstate Batteries;Harmony Bank;Advanced Distribution Solutions, Inc.;LinnCo, LLC;LINN Energy, LLC;Avoka;Rose Rock Midstream, L.P.;Rose Rock Midstream;SnipGold Corp.;Rocky Mountain High Brands;Westwood Holdings Group, Inc.
Cadiz, Inc.;iDreamSky Technology Limited ;Impact Telecom;CNS Response, Inc.;Akers Biosciences, Inc.;Inteliquent, Inc.;Meridian Audio;Triax,Unitron Group;Triax;Unitron Group;Global Invacom Group Limited;MARUSYS;Diamondback Energy, Inc.;Fifth Street Senior Floating Rate Corp.;Fujitsu America, Inc.;CB Financial Services, Inc.;Diamondback Energy, Inc.;First Citizens Bancorporation, Inc.;ZAIS Group, LLC;Udi's Gluten Free;LinnCo, LLC;Blue Bird Corporation;CB Financial Services, Inc.;Nielsen;Rose Rock Midstream;Western Refining, Inc.;CB Financial Services, Inc.;7digital;Horizon Technology Finance Corporation;Bernstein Litowitz Berger & Grossmann LLP ;Fifth Street Senior Floating Rate Corp.;LinnCo, LLC;LinnCo, LLC;Globe Specialty Metals Inc. ;The Channel Company;American Water Works Company, Inc.;Top Ships, Inc.;Energy Fuels, Inc.;ForceField Energy, Inc.;Profire Energy, Inc.;InterCloud Systems, Inc.;Lattice, Inc.;GlyEco, Inc.;Quadrant 4 System Corp.;Bitcoin Shop, Inc.;Iveda Solutions, Inc., Direct Insite Corp., Drone Aviation Holding Corp., Big North Graphite Corp., The Coin Tree;Starstream Entertainment, Inc., Giggles N' Hugs, Inc., StationDigital Corp., Exeo Entertainment, Inc., I-Tap, Inc.;Clal Biotechnology Industries Ltd.;Presbyterian Senior Living;Actinium Pharmaceuticals, Inc.;Pac-12 Networks;NETGEAR, Akers Biosciences, TOP Ships;Rose Rock Midstream, L.P.;LinnCo, LLC;SoftIron;Cosmodyne, LLC;Cosmodyne, LLC;aioTV;Fyffes;Targa Resources Corp.;Western Refining, Inc.;Targa Resources Corp. ;Diamondback Energy, Inc.;Azteca America;Fundacion Azteca America;RBC Wealth Management;RBC Wealth Management;Targa Resources Corp.;BBC Worldwide;Market America, Inc. & SHOP.COM;LinnCo, LLC;eBay;Baker Donelson;Riverside Bank;Viper Energy Partners LP;Takeda Pharmaceutical Company Limited;OxySure Systems, Inc.;Southwest Airlines;LinnCo, LLC;Berkshire Hills Bancorp, Inc.;The Care and Concern Free Health Clinic;LifeLock, Inc.;Diamondback Energy, Inc.;Panasonic Corporation;Actinium Pharmaceuticals;SemGroup Corporation;Rose Rock Midstream L.P.;Fifth Street Senior Floating Rate Corp.;Valley Community Bank ;Actinium Pharmaceuticals, Inc.;Aptys Solutions;Cancer Genetics, Inc. ;E4 Computer Engineering;NXP Semiconductors N.V.;Bristol-Myers Squibb Company, Pfizer Inc.;Profire Energy;BNC Bancorp;Bigstock;DCR Strategies Inc. | TruCash;Akers Biosciences Inc.;OxySure Systems, Inc.;NETGEAR;TESARO, Inc.;Lattice Incorporated;Perritt Capital Management;Merck;Holland;Bristol-Myers Squibb;GlyEco, Inc.;LinnCo, LLC;The Home Depot;Lionbridge Technologies, Inc.;NatureWorks;TriQuint Semiconductor, Inc. ;Perspecta Trust LLC ;Fluor Corporation ;Rose Rock Midstream, L.P.;j2 Global;INC Research, Inc. ;Targa Resources Corp.;Holland;Women's Health USA;BillerudKorsnas AB;Oregon Health & Science University;LinnCo, LLC ;Y-TEC;Beyond Semiconductor;Trulia, Inc.;Holland;Diamondback Energy, Inc.;Federal Home Loan Bank of Seattle ;Phoenix Bancorp, Inc.;State Investors Bancorp, Inc. ;LinnCo, LLC;Akers Biosciences, Inc.;Sensory, Inc.;Targa Resources Corp.;American Red Cross;ProSyst;Otsuka Pharmaceutical Development & Commercialization, Inc.;Fifth Street Senior Floating Rate Corp.;Leapfrog;Phoenix Bancorp, Inc.;Cash Connect;Loomis;OnCore Biopharma, Inc.;Invetech Pty Ltd;Giggles N' Hugs, Inc.;LINN Energy, LLC;Princess Grace Hospital;Jack I. Zwick, Esq.;eWorld Companies, Inc.;Diamondback Energy, Inc.;NeuroBioPharm Inc.;Targa Resources Corp.;All Medical Solutions;The Medical Alliance, Inc.;Holland;SQN Banking Systems;Energy Fuels, Inc., Trecora Resources, Zivo Bioscience, Inc., AV Therapeutics, Inc., Lattice, Inc.;Targa Resources Corp. ;Cell Therapy Catapult;Allpoint Network;Targa Resources Partners LP;Rose Rock Midstream, L.P. ;Targa Resources Partners LP;ForceField Energy Inc.;Rose Rock Midstream, L.P.;Bristol Myers-Squibb;LinnCo, LLC;MaxLinear, Inc.;LinnCo, LLC;Acasti Pharma Inc.;Discovery Center of Idaho ;Courier Corporation ;QEST;LinnCo, LLC;BMV Group;Diamondback Energy, Inc.;Facilis Technology;Expedia, Inc.;Targa Resources Corp.;Viper Energy Partners LP;BMC Software, Inc. ;Centrosolar America, Inc.;Hanse Orga;Diamondback Energy, Inc.;OncoSec Medical Inc.;Stemgent;RM Auctions;LinnCo, LLC;AV Therapeutics, Inc.;Kyocera Communications Inc.;Walgreens;Liberty Mutual Insurance;Rose Rock Midstream, L.P.;Qualys, Inc.;Rose Rock Midstream;SemGroup Corporation;Reddaway;Federal Home Loan Bank of Seattle;MaxLinear, Inc.;Targa Resources Partners LP;NantHealth;LinnCo, LLC;thePlatform;Alliance Bancorp, Inc. of Pennsylvania;American Airlines Center;Bell Helicopter;Northpointe Bank;YRC Freight;Trading Technologies;OptionsCity Software;Orc;Quadrant 4 Systems Corp;OxySure Systems Inc;Lattice Inc.;Asia Pacific Stock Exchange;Inovalon;Nintendo Co., Ltd.;GridPoint;Holland;Pacific Coast Producers;Acasti Pharma Inc.;Noble Markets;Courier Corporation;LinnCo, LLC, Quantum Energy Partners ;YRC Freight;Rose Rock Midstream;CUR Media, Legacy Education Alliance, Apollo Medical Holdings;Fujifilm Holdings Corporation;Intrexon Corporation;Bitcoin Shop Inc.;Towers Watson & Co;Servier;Sporting Kansas City;LinnCo, LLC ;OxySure Systems, Inc.;Comptel Oyj;LinnCo, LLC;Putnam County Savings Bank;Outbrain Inc.;Squalan Natural Health B.V.;Lattice Incorporated;Trinity Health;Buena Vida Media;1347 Property Insurance Holdings, Inc., Cancer Genetics, Inc., Galectin Therapeutics, Inc., OxySure Systems, Inc., TOP Ships, Inc.;Asure Software, Inc.;CUR Media, Inc.;Bitcoin Shop, Inc.;Giggles N� Hugs, Inc.;Vapir Enterprises, Inc. ;Lightbridge Corp.;Profire Energy, Inc.;Lattice, Inc.;StationDigital, Inc.;Texas Rare Earth Resources, Inc.;Cardio3 BioSciences;Akers Biosciences, Inc., Arch Therapeutics, Inc., Zivo Bioscience, Inc., AV Therapeutics, Inc., Legacy Education Alliance, Inc.;Medytox Solutions, Inc.;Medytox Solutions, Inc.;Rose Rock Midstream
;Cardio3 BioSciences;LRR Energy, L.P.;Palmetto Bancshares, Inc.;New Penn;CareWell Urgent Care;MedImmune;Early Warning;CUR Media, Inc.;Fortress Biotech, Inc.;Kajeet;LinnCo, LLC;Bleckmann;Nordson Corporation;The Burlington Capital Group;Materialise;LinnCo LLC;Targa Resources Corp.;Cardio3 BioSciences;Juno Therapeutics, Inc.;Margaritaville Enterprises ;Diamondback Energy, Inc.;Fliphound ;SEPHORA;Florida Turbine Technologies, Inc.;Amazing Charts;Cancer Genetics, Inc.;Toyota;ProSyst;GreenPocket;Sorrento Therapeutics, Inc.;SmallCapVoice.com, Inc.;ReviveHealth;ReviveHealth;MeadWestvaco Corporation;Cancer Genetics, Inc.;Legacy Education Alliance, Inc.;StationDigital Corporation;VaultLogix;bluebird bio, Inc. ;Sprott Physical Gold Trust;Sprott Physical Silver Trust;OxySure Systems, Inc.;Appliance Recycling Centers of America;Ecobank;Pacific Coast Producers ;The Hamburg Port Authority;Open Access Technology International;LinnCo, LLC ;AppYea, Inc.;Valeant Pharmaceuticals International, Inc.;Pazoo, Inc.;ZenBanx Holding Ltd.;Jonas Fitness;Cancer Genetics Inc., Giggles N' Hugs Inc.;Intrexon Corporation;Building Materials Holding Corporation ;SmallCapVoice.com;Tokio Marine Holdings, Inc.;Nuveen Investments;Rambam Health Care Campus;Sprott Physical Gold Trust;Sprott Physical Silver Trust;Jamba Juice;Harmonix Music Systems, Inc.;Merz North America, Inc.;HNA Group;Sprott Inc.;Mediacom Communications Corporation;Calpian, Inc.;Marriott International;Colliers International Group Inc ;Colliers International Group Inc.;Kofi Annan Foundation;bluebird bio, Inc.;KKM Financial;Martha Stewart Living Omnimedia, Inc.;Sprott Physical Gold Trust;Sprott Physical Silver Trust;Sprott Physical Gold Trust;Chris4Life Colon Cancer Foundation;Dinaco;ZestFinance;Sprott Physical Gold Trust;Sprott Physical Silver Trust;Rhonda's Kiss;Usina Sao Martinho;LinnCo, LLC;LinnCo, LLC;Freescale Semiconductor ;Rose Rock Midstream;LinnCo, LLC;LinnCo, LLC;LinnCo, LLC;Sprott Physical Gold Trust;Sprott Physical Silver
Trust;Fifth Street Senior Floating Rate Corp.;Fifth Street Senior Floating Rate Corp.;Professional Diversity Network, Inc., Lightbridge Corp., Energy Fuels, Inc., Methes Energies International Ltd.;Calpian, Inc., Legacy Education Alliance, Inc., Bitcoin Shop, Inc., Lattice Incorporated;U-Vend,Inc.;Apollo Medical Holdings, Inc.;BioCorRx, Inc.;Intrexon Corporation;SSP;Royal Philips;New Generation Consumer Group, Inc.;Midrex Technologies, Inc.;RFMW Ltd.;Shenandoah Telecommunications Co;Medical Marijuana, Inc.;University of Colorado;LinnCo, LLC;Jiangsu Hengrui Medicine Co., Ltd.;Legacy Education Alliance, Inc.;Tekmira Pharmaceuticals Corporation;Diamondback Energy, Inc.;Sprott Physical Gold Trust;Sprott Physical Silver Trust;LinnCo, LLC ;Pascack Bancorp, Inc.;National Charity League, Inc., Glendale Chapter;Windstream ;Diamondback Energy, Inc.;Acasti Pharma Inc.;Rose Rock Midstream L.P.;SemGroup Corporation;Sprott Physical Gold Trust;Sprott Physical Silver Trust;New Penn;Reddaway;Holland;Merck;Genome Compiler Corp.;Shenandoah Telecommunications Co;Rethink Robotics;New Penn;Reddaway;Holland;Cancer Genetics, Inc.;Apollo Medical Holdings, Orbital Tracking;Zimbra;Visible Alpha;Immuron Limited;Lattice Incorporated ;Legacy Education Alliance, Inc.;LinnCo, LLC ;STEMCELL Technologies;State Investors Bancorp, Inc.;Sprott Physical Gold Trust;Sprott Physical Silver Trust;Blyth, Inc.;Shared-Use Mobility Center;LinnCo, LLC;LinnCo, LLC ;Sprott Physical Gold Trust;Sprott Physical Silver Trust;Reddaway, Holland;American Water Works;Apollo Medical Holdings;A.H. Belo;Global Brands Group Holding Limited;Sprott Physical Gold Trust;Sprott Physical Silver Trust
;Independence Holding Company;Imagine Communications Corp.;E4 Computer Engineering;Collagen Solutions plc;BNY Mellon;Dynetics Inc.;Sirona Dental Systems Inc.;Square 1 Financial, Inc.;Medical Marijuana, Inc.;BASF;Intrexon Corporation;Pineapple Express, Inc.;TeamConnor Childhood Cancer Foundation;Cabinet Grow, Inc.;CenterPoint Energy, Inc.;Transeastern Power Trust;Baxalta Incorporated;Targa Resources Corp.;LinnCo, LLC;AD;Domain Real Estate Partners, LLC ;Intrexon Corporation;Transeastern Power Trust;Rose Rock Midstream, L.P.;NewBridge Bancorp;AppYea Inc.;Distilled Spirits Council;Infor;Bristol-Myers Squibb;ARMO BioSciences, Inc.;Envestnet;Terra Tech Corp.;Targa Resources Corp.;SmartCard Marketing Systems;Linn Co, LLC;Green Plains Partners LP;Foundation for a Drug-Free World;Sprott Physical Gold Trust;Sprott Physical Gold Trust;Reis, Inc;TriVascular Technologies, Inc.;LinnCo;PositiveID Corporation;State Investors Bancorp, Inc.;Viper Energy Partners LP;Furmanite Corporation;Western Refining, Inc.;Murphy USA Inc.;Targa Resources Corp.;Diamondback Energy, Inc.;Windsor Castle Park Foundation;LinnCo;Pomerantz LLP;Baxalta Incorporated;Fifth Street Senior Floating Rate Corp. ;Momentous Entertainment Group;LinnCo, LLC;Targa Resources Partners LP;SemGroup Corporation;UIL Holdings Corporation;TriVascular Technologies, Inc.;AEON Clinical Laboratories;Sprott Physical Gold Trust, Sprott Physical Silver Trust;Capital Bank Financial Corp. ;Rocky Mountain Ayre, Inc.;SmartCard Marketing Systems Inc.;STG Group, Inc.;STG Group, Inc.;Sprott Physical Gold Trust, Sprott Physical Silver Trust;Trax;BioElectronics Corporation;Seen On Screen TV, Inc.;Targa Resources Corp.;Sprott Physical Gold Trust,Sprott Physical Silver Trust;Rose Rock Midstream, L.P.;Sprott Physical Gold Trust, Sprott Physical Silver Trust;Wilshire Bancorp, Inc.;Wilshire Bancorp, Inc.;Broadcom Corporation;The Johnson Studio;Sprott Physical Gold Trust, Sprott Physical Silver Trust;BASF;Sprott Physical Gold Trust, Sprott Physical Silver Trust;Daiichi Sankyo, Inc.;American Securities, P2 Capital Partners;Borsa Istanbul;Towers Watson;Zenbanx;Zenbanx;Hopewell Valley Community Bank;Pierre Fabre Laboratories;Sprott Physical Gold Trust;Sprott Physical Silver Trust;Sprott Physical Gold Trust;TowneBank;Hopkins Bancorp, Inc.;Baxalta Incorporated;Western Refining, Inc.;Terra Tech Corp.;Turkcell;Intrexon Corporation;Independence Holding Company;Cape Bancorp, Inc.;Tel Aviv Stock Exchange;The General;The Conservation Fund;CenterPoint Energy, Inc.;Auscrete Corporation;Rose Rock Midstream, L.P.;Baxalta Incorporated;Anchor BanCorp Wisconsin Inc.;Envoy Group Corp.; Sprott Physical Gold Trust;LATAM Airlines Group;LocalVox;Sprott Physical Gold Trust;LinnCo, LLC;PositiveID Corporation;Strategic Rare Earth Metals;Green Plains Partners LP;Rose Rock Midstream, LP;Broadcom Corporation;Healios;Harland Clarke;DCP Midstream, LLC;Dyn, Inc.;FieldAware;Powerhouse Science Center;DCP Midstream;Targa Resources Partners LP;Belterra Casino Resort;LinnCo, LLC;TRIANNI, Inc.;Colgate-Palmolive Company;Blueprint;Bit Stew Systems;ALK Technologies;Rose Rock Midstream, L.P.;Targa Resources Corp.;Shenandoah Telecommunications Co;Viper Energy Partners LP;SoftBank Group Corp.;Diamondback Energy, Inc.;Aerohive Networks;Diana Fruit Co., Inc.;Healios K.K.;Harmony Bank;GasLog Partners;Kontron;Kontron;Green Plains Partners LP;Southwest Airlines Co.;Rose Rock Midstream;LinnCo, LLC;Datawatch Corporation;JAVELIN Mortgage Investment Corp.;BAI;Pomerantz LLP;Green Plains Partners LP;LinnCo, LLC;Global Boatworks Holdings, Inc.;The Center for an Agricultural Economy;SharkReach, Inc.;NightFood Holdings, Inc.;Mango Capital, Inc.;Daiichi Sankyo Oncology;Constellation;Bridge Bank;LinnCo, LLC;Rocky Mountain High Brands, Inc.;Wohl and Fruchter LLP; YRC Worldwide;Striped Pig Distillery;Pulaski Financial Corp.;American Independence Corp.;CorreLog;MonoSol Rx;USI;CenterPoint Energy, Inc.;LinnCo;Wilshire Bancorp, Inc.;Advanced Medical Isotope Corporation ;PureSnax International, Inc. ;Consensus;Rose Rock Midstream;Navios Maritime Acquisition Corporation;Polycom;LinnCo, LLC;Efma;LinnCo, LLC;Intrexon Corporation;iStream Financial Services;Roc Nation;SnipGold Corp.;Microchip Technology;PetroShare Corp.;AbbVie;Green Plain Partners LP;Rocky Mountain High Brands, Inc.;LinnCo, LLC;Black Knight Financial Services, Inc.;Advanced Analytical Technologies, Inc.;LinnCo, LLC ;Behavioral Health Center of Excellence ;Cape Bancorp, Inc.;Advanced Medical Isotope Corporation;Auscrete Corporation;Viper Energy Partners LP;Diamondback Energy, Inc.;Garmin Ltd.;Gritstone Oncology;Vifor Pharma;FlexFridge Inc.;Royal Philips;LinnCo.;ascribe;Wilshire Bancorp, Inc.;LinnCo, LLC;Hudson & Marshall;Excalibur Resources Ltd.;Wilshire Bancorp, Inc.;Medical Marijuana, Inc. ;Townsquare Media;Prime Care Technologies;Pfizer Inc. ;Interstate Batteries;Harmony Bank;Advanced Distribution Solutions, Inc.;LinnCo, LLC;LINN Energy, LLC;Avoka;Rose Rock Midstream, L.P.;Rose Rock Midstream;SnipGold Corp.;Rocky Mountain High Brands;Westwood Holdings Group, Inc.
HOUSTON, April 05, 2016 (GLOBE NEWSWIRE) -- LINN Energy, LLC (NASDAQ:LINE) (“LINN” or the “Company”) announced today that LINN has entered into a settlement agreement (the “Settlement Agreement”) with certain holders of the Company’s $1.0 billion of outstanding 12 percent Senior Secured Second Lien Notes due 2020 (the “Second Lien Notes”), which collectively hold more than two-thirds of the outstanding principal amount of the Second Lien Notes. Under the terms of the Settlement Agreement, the Company delivered the mortgages associated with the Second Lien Notes and is no longer in default under the Indenture governing the Second Lien Notes.
The Settlement Agreement provides that LINN and the Second Lien Note holders will commence good faith negotiations with each other regarding the terms of a potential comprehensive and consensual restructuring of the Company’s indebtedness, including a potential restructuring under a chapter 11 plan of reorganization. The Company expects to continue operations throughout this process. The Settlement Agreement has been filed on Form 8-K with the U.S. Securities and Exchange Commission.
Potential Tax Liabilities and Exchange Offer
As previously announced, LinnCo, LLC (“LinnCo”) has commenced an offer to exchange each outstanding unit of LINN for one LinnCo share (the “Exchange Offer”). The purpose of the Exchange Offer is to permit holders of LINN units to maintain their economic interest in LINN through LinnCo, an entity that is taxed as a corporation rather than a partnership, which may allow LINN unitholders to avoid future allocations of taxable income and loss, including cancellation of debt income, that could result from future debt restructurings or other strategic transactions by LINN. LinnCo believes that many LINN unitholders may benefit by participating in the Exchange Offer. However, because the tax situation of each LINN unitholder is unique, LinnCo recommends that each LINN unitholder consult with such unitholder’s own individual tax advisor to determine whether it is in such unitholder’s best interest to participate in the Exchange Offer.
Unitholders of LINE are required to pay taxes on their share of LINE’s taxable income, including their share of ordinary income and capital gain upon dispositions of properties by LINE or cancellation of debt, even if they do not receive any cash distributions from LINE. In 2015, debt restructuring resulted in approximately $1.7 billion of cancellation of debt income (“CODI”). If LINN were to restructure additional debt in 2016, this will result in additional CODI allocated to each outstanding LINE unit. CODI is not itself an additional tax due but is an amount that must be reported as ordinary income by the unitholder, potentially increasing such unitholder’s tax liabilities. The amount of any such tax liability resulting from allocations of CODI will vary depending on each unitholder’s individual tax circumstances. LinnCo is a limited liability company that has elected to be treated as a corporation for United States federal income tax purposes. LinnCo’s federal taxable income is subject to a corporate level tax. A LinnCo shareholder is subject to income tax on taxable dividends received or on any gains from the holder’s sale of LinnCo shares. However, a LinnCo shareholder will not be required to include an allocated share of LinnCo’s income (including any cancellation of debt income), gains, losses, or deductions in computing the holder’s own taxable income.
LinnCo’s obligation to accept for exchange the LINN units validly tendered in the Exchange Offer is subject to the effectiveness of the registration statement on Form S-4 filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 22, 2016, of which the Prospectus is a part, and the lack of legal prohibitions.
This news release shall not constitute an offer to sell, a solicitation to buy or an offer to purchase or sell LINN units or any other securities. The Exchange Offer is being made only pursuant to the Prospectus and only in such jurisdictions as is permitted under applicable law.
IMPORTANT ADDITIONAL INFORMATION FILED WITH THE SEC
This communication is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell the units, nor is it a substitute for the registration statement and the exchange offer materials that LinnCo has filed with the SEC. THE EXCHANGE OFFER MATERIALS (INCLUDING A PROSPECTUS, A RELATED LETTER OF TRANSMITTAL AND CERTAIN OTHER EXCHANGE OFFER DOCUMENTS) CONTAIN IMPORTANT INFORMATION. LINN UNITHOLDERS ARE URGED TO READ THESE DOCUMENTS (AS THEY MAY BE AMENDED FROM TIME TO TIME) CAREFULLY BECAUSE THEY CONTAIN IMPORTANT INFORMATION THAT LINN UNITHOLDERS SHOULD CONSIDER BEFORE MAKING ANY DECISION REGARDING EXCHANGING THEIR UNITS. The Prospectus, the related Letter of Transmittal and certain other exchange offer documents are available to all LINN unitholders at no expense to them. The exchange offer materials are available for free at the SEC’s website at www.sec.gov . Additional copies may be obtained for free by contacting LinnCo’s Investor Relations department at (281) 840-4193 or D.F. King & Co., Inc., the information agent for the Exchange Offer, at (877) 297-1738.
In addition to the Prospectus, the related Letter of Transmittal and certain other exchange offer documents, LinnCo and LINN file annual, quarterly and current reports and other information with the SEC. You may read and copy any reports or other information filed by LinnCo and LINN at the SEC public reference room at 100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at 1-800-SEC-0330 for further information on the public reference room. LinnCo’s and LINE’s filings with the SEC are also available to the public from commercial document-retrieval services and at the website maintained by the SEC at http://www.sec.gov .
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
This press release includes "forward-looking statements." All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects, believes, targets or anticipates will or may occur in the future are forward-looking statements. These statements include, but are not limited to forward-looking statements about balance sheet management, and the expectations of plans, strategies, objectives and anticipated financial and operating results of the Company, including the Company's production and capital expenditure levels and other guidance included in this press release. These statements are based on certain assumptions made by the Company based on management's experience and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. These include risks relating to financial performance and results, the significant amount of indebtedness under our credit facilities and senior notes, access to capital markets, availability of sufficient cash flow to execute our business plan, implementation of our expense reduction strategy, continued low or further declining commodity prices and demand for oil, natural gas and natural gas liquids, ability to hedge future production, the ability to replace reserves and efficiently develop current reserves, the regulatory environment, and other important factors that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. See "Risk Factors" in the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other public filings.
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.
Contacts:
LINN Energy, LLC and LinnCo, LLC
Investors and Media:
Clay Jeansonne, Vice President – Investor and Public Relations
(281) 840-4193
Sarah Nordin, Public Relations and Media
(713) 904-6605