secwatch.observer — SEC 8-K summary
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Issuer:     NORTHERN OIL & GAS, INC. (NOG)
CIK:        0001104485
Form:       8-K
Filed at:   2025-06-18T23:59:59+00:00
Accession:  0001104485-25-000117
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Northern Oil and Gas closes $200M add-on 3.625% convertible notes offering
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- Issued $200M aggregate principal of 3.625% Convertible Senior Notes due 2029, including $25M option exercised by initial purchasers.
- Notes issued at 105.597% of principal; conversion price ~$37.06 per share, representing a ~19% premium over last sale.
- Entered capped call transactions to reduce dilution, with cap price ~$50.87 per share, 63% above June 12, 2025 closing.
- Notes are additional series under existing $500M 3.625% notes indenture; trade as one class with identical terms after de-legending.
- Obtained revolving credit facility waiver to avoid automatic borrowing base reduction upon offering consummation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1104485/000110448525000117/0001104485-25-000117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1104485/000110448525000117/nog-20250617.htm
  HTML page:      https://secwatch.observer/filing/0001104485-25-000117

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