NOG announces $150M reopening of 3.625% convertible notes due 2029; uses proceeds for stock buyback and cap

NORTHERN OIL & GAS, INC.

Plans $150M addl 3.625% convertible notes due 2029, with $22.5M greenshoe option.
Proceeds partly to repurchase common stock; entry into capped call to offset dilution above $50.87.
Remaining net proceeds initially repay revolver; general corporate purposes.
New notes issued under same indenture as $500M series originally issued Oct 2022.
Capped call transactions with initial purchasers expected to limit dilution upon conversion.

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