NORTHERN OIL & GAS, INC. (NOG): debt financing — Northern Oil & Gas enters $1.6B revolving credit facility, maturing Nov 2030, borrowing base $1.8B

NORTHERN OIL & GAS, INC.

Fourth Amended & Restated Credit Agreement dated Nov 5, 2025; replaces June 2022 facility.
Initial elected commitment $1.6B; initial borrowing base $1.8B; maturity Nov 5, 2030.
Maximum aggregate credit amount $3.5B; includes revolving loans, LC, and optional term loans.
Financial covenants: total net debt/EBITDAX ≤ 3.50x; current ratio ≥ 1.00x.
Secured by ≥85% of proved reserves value and first-priority lien on substantially all assets.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

NORTHERN OIL & GAS, INC. incurred revolving credit of $1.6 billion with Wells Fargo Bank, National Association, as administrative agent and collateral agent at borrowings under the Revolving Credit Facility shall bear interest at the base r maturing November 5, 2030.

Instrument: revolving credit
Principal: $1.6 billion
Counterparty: Wells Fargo Bank, National Association, as administrative agent and collateral agent
Rate: borrowings under the Revolving Credit Facility shall bear interest at the base r
Maturity: November 5, 2030
Event: incurrence

Exact text from the filing

which was entered into on June 7, 2022. The Revolving Credit Facility matures on November 5, 2030. The initial elected commitment amount under the Revolving Credit Facility is $1.6 billion. The Revolving Credit Facility is initially comprised of revolving loans and letters of credit and is subject to a Borrowing Base (as defined in the Revolving Credit Facility)

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Source: SEC EDGAR

accession 0001104485-25-000161

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