Financing ·
Northern Oil & Gas issued $500 million in aggregate principal amount of 7.500% Senior Notes due 2034 under a new…
NOGNorthern Oil & Gas, Inc.
Northern Oil & Gas issued $500 million in aggregate principal amount of 7.500% Senior Notes due 2034 under a new indenture with Wilmington Trust as trustee on August 26, 2026. The notes mature on September 1, 2034, with semi-annual interest payments commencing March 1, 2027. The company retains optional redemption rights, including a 107.5% make-whole premium for up to 40% of the principal prior to September 1, 2029, subject to equity offering proceeds. Standard covenants restrict additional indebtedness, dividends, and asset sales, terminating if investment-grade ratings are achieved. Northern Oil & Gas operates in the oil and gas exploration and production industry.