secwatch.observer — SEC 8-K summary
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Issuer:     NORTHERN OIL & GAS, INC. (NOG)
CIK:        0001104485
Form:       8-K
Filed at:   2025-06-13T23:59:59+00:00
Accession:  0001104485-25-000112
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1104485/000110448525000112/0001104485-25-000112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1104485/000110448525000112/nog-20250612.htm
  HTML page:      https://secwatch.observer/filing/0001104485-25-000112

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer