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Linn Energy Files For Ch. 11 With $2.2B Loan

By Kurt Orzeck (May 11, 2016, 11:10 PM EDT) -- Oil and gas producer Linn Energy told the U.S. Securities and Exchange Commission on Wednesday that it had filed for Chapter 11 in Texas bankruptcy court amid low commodity prices and that it had arranged for a new $2.2 billion loan with creditors....

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