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Linn Energy creditors at risk of collateral damage

2016-03-16 10:32:21| Energy - Topix.net

Linn Energy LLC said on Tuesday that it did not fully secure a bond swap with the agreed collateral, creating a major headache for its creditors if the oil and gas producer seeks bankruptcy protection. Linn offered mortgages on a large majority of its oil and natural gas properties to creditors, including funds managed by Franklin Templeton Investments, as collateral last year.

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