other material
confidence high
sentiment neutral
materiality 0.60
Northern Oil & Gas closes public offering of 7.475M shares; proceeds to pay down debt
NORTHERN OIL & GAS, INC.
- Closed public offering of 6.5M shares plus fully exercised over-allotment of 975K shares (total 7.475M shares).
- Proceeds used for general corporate purposes including repayment of revolving credit facility borrowings.
- Underwriting agreement with Citigroup Global Markets Inc. as representative of underwriters.
- Offering closed October 13, 2023; over-allotment shares close expected October 17.