23 July 2008director interest notice● Neutral
Pressburg, LLC director Joseph P Mccoy received 3,946 shares as part of the equity award.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
3 July 2008director interest notice● Neutral
Pressburg, LLC 10%+ owner Lehman Brothers Holdings INC sold 3,500,000 shares.
3 July 2008asset acquisition disposition▲ GoodMajor
Closed the $600 million Appalachian Basin sale to XTO Energy, using proceeds to fully repay the second-lien term loan and cut revolver debt; separately, SVP Thomas Lopus's employment was terminated with a standard severance package.
30 June 2008debt financing● NeutralMajor
Sold $255.9 million of 9.625% senior notes due 2018 -- its first high-yield bond issuance, diversifying funding beyond the bank revolver and unit offerings just as credit markets were tightening into the financial crisis.
10 June 2008director interest notice● Neutral
Pressburg, LLC SVP and CAO David B. Rottino received 50,000 shares and a 50,000-share option grant as part of the equity award.
10 June 2008director interest notice● Neutral
David B. Rottino became a Pressburg, LLC SVP and CAO and company insider (initial ownership filing).
5 June 2008material agreement● NeutralMajor
Agreed to sell its Verden-area Oklahoma properties to Laredo Petroleum for $185 million, a second divestiture alongside the XTO deal as Linn began trimming non-core acreage while debt-funded growth continued elsewhere.
2 June 2008director interest notice● Neutral
Pressburg, LLC EVP and CFO Kolja Rockov received 33,900 shares as part of the equity award.
2 June 2008director interest notice● Neutral
Pressburg, LLC SVP Oper. Arden Walker Jr. received 18,650 shares as part of the equity award.
2 June 2008director interest notice● Neutral
Pressburg, LLC Pres & Chief Operating Officer Mark E Ellis received 50,850 shares as part of the equity award.
2 June 2008director interest notice● Neutral
Pressburg, LLC SVP, GC and Secretary Charlene A Ripley received 22,050 shares as part of the equity award.
2 June 2008director interest notice● Neutral
Pressburg, LLC Chairman and CEO Michael C Linn received 67,800 shares as part of the equity award.
22 May 2008director interest notice● Neutral
Pressburg, LLC 10%+ owner Lehman Brothers Holdings INC bought 50 shares on the open market at $23.36.
19 May 2008substantial holder notice● Neutral
Morgan Stanley I.R.S. # disclosed a new substantial Pressburg, LLC shareholding (5.00% of votes).
17 Apr 2008material agreement● NeutralMajor
Agreed to sell its entire Appalachian Basin position to XTO Energy for $600 million, its first major divestiture after two years of pure acquisition, with proceeds earmarked to pay down the credit facility.
28 Feb 2008director interest notice● Neutral
Pressburg, LLC 10%+ owner Lehman Brothers Holdings INC bought 300 shares on the open market.
13 Feb 2008substantial holder notice● Neutral
Lehman Brothers Holdings Inc, Lehman Brothers Inc, LB I Group Inc, Lehman Brothers MLP Partners, LP, Lehman Brothers MLP Associates, L.P, Lehman Brothers MLP Opportunity Associates LLC, Lehman Brothers MLP Opportunity Associates LP, Lehman Brothers MLP Opportunity Fund LP, LBPEP Linn Holdings L.L.C, Lehman Brothers PEP Holdings Limited, Lehman Brothers PEP Investments I, L.P, Lehman Brothers PEP Investments DE, L.P, Lehman Brothers PEP Investments, L.P, Lehman Brothers Private Equity Partners Limited, Lehman Brothers Private Fund Advisers, LP, Lehman Brothers Private Fund Advisers GP, LLC, Lehman Brothers Private Funds Investment Company GP LLC, Lehman Brothers Co-Investment Associates, LLC, Lehman Brothers Co-Investment Associates, L.P, Lehman Brothers Co-Investment Partners L.P, LBCIP Linn Holdings, LP, Lehman Brothers Co-Investment Group, L.P, Lehman Brothers Cayman GP, Ltd. N/A, Lehman Brothers Offshore Co-Investment Capital Partners Holdings, L.P, Lehman Brothers Co-Investment Capital Partners, L.P, Lehman Brothers Holdings Plc, LB Holdings Intermediate reported a Pressburg, LLC shareholding of 14,687,228 shares (12.90% of votes) in a periodic institutional filing.
11 Feb 2008substantial holder notice● Neutral
Deutsche Bank AG* reported a Pressburg, LLC shareholding of 5,325,308 shares (4.68% of votes) in a periodic institutional filing.
4 Feb 2008asset acquisition disposition● NeutralMajor
Took on a new $400 million second-lien term loan (at a steep 5-7.5% margin over LIBOR) to help fund the closing of the Lamamco acquisition -- the cost of capital already running higher than the 2006-07 deals.
1 Feb 2008substantial holder notice● Neutral
Deutsche Bank AG*, Deutsche Bank AG, London Branch reported a Pressburg, LLC shareholding of 6,598,956 shares (5.80% of votes) in a periodic institutional filing.
31 Jan 2008director interest notice● Neutral
Pressburg, LLC SVP, GC and Secretary Charlene A Ripley received a stock option grant for 54,200 shares.
31 Jan 2008director interest notice● Neutral
Pressburg, LLC Pres & Chief Operating Officer Mark E Ellis received a stock option grant for 125,000 shares.
31 Jan 2008director interest notice● Neutral
Pressburg, LLC EVP and CFO Kolja Rockov received a stock option grant for 83,350 shares.
31 Jan 2008director interest notice● Neutral
Pressburg, LLC Chairman and CEO Michael C Linn received a stock option grant for 166,700 shares.
31 Jan 2008director interest notice● Neutral
Pressburg, LLC SVP and CAO Lisa D Anderson received a stock option grant for 37,500 shares.
14 Jan 2008securities registration● Neutral
Pressburg, LLC filed a prospectus supplement covering resales by selling shareholders.
14 Jan 2008securities registration● Neutral
Pressburg, LLC filed a prospectus supplement covering resales by selling shareholders.
4 Jan 2008director interest notice● Neutral
Pressburg, LLC Pres & Chief Operating Officer Mark E Ellis received 100,000 shares as part of the equity award.
21 Dec 2007material agreement▲ GoodMajor
Agreed to buy Mid-Continent oil and gas properties from Lamamco Drilling for about $552 million, backed by a new $400 million bridge facility -- another large debt-funded acquisition in the same mold as Dominion.
20 Dec 2007director interest notice● Neutral
Pressburg, LLC Pres & Chief Operating Officer Mark E Ellis received a stock option grant for 50,000 shares.