April 15 (Reuters) - Oil and gas producer Linn Energy LLC
LINE.O said it planned to skip interest payments on some of
its senior notes due on Friday, after making bond payments that
were deferred last month.
Linn Energy and its unit, Berry Petroleum Co LLC, planned to
skip interest payments of a total of $58 million, due Friday and
May 1, kicking off a 30-day grace period, the company said in a
statement.
Linn said it paid off interest payments of about $60 million
that were deferred on March 15, when the company said that
bankruptcy may be unavoidable, after flagging substantial doubt
about its ability to continue as a going concern.