Linn Energy Announces New and Expanded Credit Facility

PITTSBURGH, April 11 /PRNewswire-FirstCall/ -- Linn Energy, LLC (Nasdaq: LINE) today announced that, effective April 7, 2006, it entered into a new and expanded $400.0 million secured revolving credit facility with BNP Paribas, as administrative agent; Royal Bank of Canada and Societe Generale, as syndication agents; Bank of America, N.A. and Comerica Bank, as documentation agents; and Bank of Scotland, Fortis Capital Corp. and Lehman Commercial Paper Inc. The new facility replaces the prior $300.0 million revolving credit facility of the Company and matures on April 13, 2009. The borrowing base under the new facility is initially set at $235.0 million as compared to $225.0 million under the prior credit facility.

Borrowings under the new facility are available for acquisition and development of natural gas and oil properties, working capital and general corporate purposes. Interest under the new facility is determined by reference to the London interbank offered rate ("LIBOR") plus an applicable margin between 1.00% and 1.75% per annum; or a domestic bank rate plus an applicable margin between 0% and 0.25% per annum. The new facility also requires us to maintain specified financial ratios and contains other customary covenants. As of April 7, 2006, we had outstanding indebtedness of $158.6 million under the credit facility and additional borrowing availability of $76.4 million thereunder.

About Linn Energy

Linn Energy is an independent natural gas company focused on the development and acquisition of natural gas properties in the Appalachian Basin, primarily in West Virginia, Pennsylvania, New York and Virginia. More information about Linn Energy is available on the internet at http://line-energy.com .

SOURCE Linn Energy, LLC

CONTACT: Kolja Rockov, EVP & CFO of Linn Energy, LLC, 1-412-440-1479
Web site: http://line-energy.com
(LINE)