Northern Oil and Gas Inc.

Description

Has priced its previously announced private placement to eligible purchasers of $350 million in aggregate principal amount of additional 8.5% senior secured second lien notes due 2023 at an offering price equal to 104% of par. The company intends to use the net proceeds from this offering combined with borrowings under its expected new revolving credit facility to repay borrowings outstanding under its term loan credit facility, redeem its remaining outstanding unsecured notes and the remainder, if any, for general corporate purposes.

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Estimated Price
$350.0MM
Financing Type
Report Date