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NOG Announces Pricing of $500 Million Private Offering of Senior Notes

NOG
  • Northern Oil and Gas, Inc. priced a private offering of $500 million in aggregate principal amount of 7.500% senior notes due 2034.
  • The notes were sold at par to eligible purchasers under Rule 144A & Regulation S of the Securities Act of 1933.
  • The offering is expected to close on August 26, 2026, subject to customary closing conditions.
  • Net proceeds will be used to repay a portion of outstanding borrowings under the company's revolving credit facility, with any remainder allocated for general corporate purposes.
  • The notes are unregistered & may not be offered or sold in the United States or to U.S. persons absent an applicable exemption.
  • The offering is restricted to qualified institutional buyers under Rule 144A or non-U.S. persons under Regulation S.
  • Northern Oil and Gas operates as the largest publicly traded dedicated non-operator in the United States, focusing on acquiring non-operated minority working interests & mineral rights.