debt
confidence high
sentiment neutral
materiality 0.50
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.