debt
confidence high
sentiment neutral
materiality 0.50
NOG plans $500M private offering of senior notes due 2034 to repay revolver
NORTHERN OIL & GAS, INC.
- $500M aggregate principal of senior notes due 2034 in private offering under Rule 144A and Regulation S.
- Net proceeds to repay outstanding revolving credit facility borrowings; remainder for general corporate purposes.
- Notes unregistered; offered only to qualified institutional buyers and non-U.S. persons.
- NOG describes itself as largest publicly traded dedicated non-operator in the United States.