- Linn Energy (LINE, LNCO) says its maximum borrowing availability under its credit facility has been reduced to $3.6B, and the borrowing base under the credit facility for Berry Petroleum has been reduced to $900M.
- Linn's lenders also approve a potential combination of the Linn and Berry credit facilities under certain conditions, subject to a combined borrowing base of $4.05B; Linn currently has undrawn capacity of ~$790M.
- LINE -2.9%, LNCO -2.1% AH.