Northern Oil and Gas Inc.
Description
Northern Oil and Gas Inc. has entered into an agreement with an institutional holder of its 8.5% Senior Secured Second Lien Notes due 2023 whereby Northern will repurchase and retire $16 million in aggregate principal amount of notes in exchange for 160,000 shares of its 6.5% Series A Perpetual Cumulative Convertible Preferred Stock and $0.7 million in cash. Upon closing of this transaction, Northern will have $391.8 million in principal amount of notes outstanding.