latest news releases from the newsroom
LINN Energy, LLC
Linn Energy Prices $256 Million of Senior Notes
HOUSTON, June 24, 2008 (PRIME NEWSWIRE) -- Linn Energy, LLC (Nasdaq:LINE) and its subsidiary, Linn Energy Finance Corp., announced today a private offering to eligible purchasers of $256 million in aggregate principal amount of 9 7/8% senior unsecured notes due 2018 at an offering price equal to 97.684% of par. Linn Energy intends to use the net proceeds from the sale of the notes to repay outstanding indebtedness under its second lien term loan facility. The offering is expected to close on June 27, 2008, subject to satisfaction of customary closing conditions.
Port of Houston Authority
PHA Commission Approves $2.3 Million in Construction Projects
HOUSTON, June 24, 2008 (PRIME NEWSWIRE) -- The Port Commission of The Port of Houston Authority (PHA) approved $2.3 million in construction projects at its regular June 24 meeting. Commissioners voted to hold a special meeting at 1:30 p.m. on Friday, June 27, to discuss Agenda G5, which was pulled from the agenda. Commissioners deferred the decision on the proposed construction contract to McCarthy Building Companies, Inc. The contract was for an estimated $100.5 million.