NOG prices upsized $175M offering of 3.625% convertible notes due 2029; proceeds for buyback & hedge

NORTHERN OIL & GAS, INC.

Priced $175M aggregate principal (upsized from $150M) of additional 3.625% notes due 2029 at 105.597% of par.
Net proceeds ~$178.4M; ~$14.8M for capped call hedge, up to $35M to repurchase up to 1.1M shares.
Conversion price ~$37.06/share (19% premium to $31.15 close); capped call cap at $50.87/share.
Notes issued under same indenture as existing $500M notes; settlement expected June 17, 2025.
Initial purchasers granted option to buy additional $25M of notes (greenshoe).

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