Past year: ▼ 75%(5.50c – 41.9c USD)
Each one in plain English, with the numbers worked through for a shareholder.
28 June 2019capital raising announcement▼ BadMajor
Entered a commitment letter for a $100 million term loan facility with affiliates of significant shareholders, and issued them 1,525,395 Class A shares for $1,525.40 in total. It then signed the term loan credit agreement on June 27, 2019, with the loans funded at 97.5% of principal.
2 July 2007capital raising announcement▲ GoodMajor
Agreed to buy Mid-Continent oil and gas properties from Dominion Resources for $2.05 billion, far larger than its earlier deals. It was backed by a lender commitment lifting the borrowing base from $765 million to about $1.6-$1.8 billion and a $1.5 billion private unit placement.
4 June 2007capital raising announcement▲ GoodMajor
Closed a $260 million private placement of units to repay revolver debt, its second major equity raise in under a year.
19 Dec 2006capital raising announcement▲ GoodMajor
Announced three more purchase agreements worth $454 million combined: a $415 million private Texas Panhandle producer and $39 million of Appalachian Basin gas properties, continuing the acquisition pace begun that summer.
25 Oct 2006capital raising announcement▲ GoodMajor
Raised $305 million in a private placement of units to institutional investors -- led by Zimmer Lucas Partners, with Goldman, Magnetar and others participating -- to repay acquisition debt, the first of many equity raises that would fund Linn's growth alongside its credit line.
