Northern Oil & Gas Prices $500M Senior Notes due 2034

By Ahmed Jamerson • Thursday, August 20 10:48 • Permanent Link

Northern Oil and Gas priced a $500 million private offering of 7.500% senior notes due 2034 at par, according to the company’s announcement on August 19, 2026.

The notes are expected to close on August 26, 2026. Northern Oil and Gas said it plans to use the net proceeds to repay a portion of the borrowings outstanding under its revolving credit facility, with any remainder going to general corporate purposes.

The new debt comes with a 7.500% coupon and extends to 2034. The company did not say in the release how much it currently has drawn on its revolving credit facility, so the exact amount of debt repayment from the offering has not been specified. As a result of these announcements, the company's shares have moved 3.38% on the market, and are now trading at a price of $26.94. For more information, read the company's full 8-K submission here.

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