Northern Oil & Gas, Inc. Announces $725M Senior Notes Offering

By Bobby Samwell • Tuesday, September 23 15:36 • Permanent Link

Northern Oil and Gas, Inc. (NYSE: NOG) has announced the pricing of a $725 million private offering of senior notes due 2033 at par. The company plans to use the net proceeds from this offering, along with cash on hand and/or borrowings under its revolving credit facility, to fund the purchase of its outstanding 8.125% senior notes due 2028.

The company's primary strategy is to acquire and invest in non-operated minority working and mineral interests in the premier hydrocarbon producing basins within the contiguous United States.

The new notes will not be registered under the securities act or under any state or other securities laws, and may not be offered or sold within the United States, or to or for the account or benefit of any U.S. person, absent registration or an applicable exemption from registration requirements.

This press release does not constitute an offer to sell, a solicitation to buy, or an offer to purchase or sell any securities. Today the company's shares have moved 5.49% to a price of $26.70. For more information, read the company's full 8-K submission here.

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