Northern Oil & Gas issues USD 500 million 7.5% senior notes due 2034 under Wilmington Trust indenture

NOG•2026-08-26

Northern Oil and Gas entered an indenture with Wilmington Trust, National Association to issue USD 500 million of 7.500% Senior Notes due 2034.
The notes mature Sept. 1, 2034; interest is paid semiannually on March 1 and Sept. 1 starting March 1, 2027.
Early redemption is allowed; up to 40% may be redeemed before Sept. 1, 2029 at 107.500% with equity proceeds, or through make-whole redemption before that date.
Call prices from Sept. 1, 2029 are 103.750% in 2029, 101.875% in 2030, and 100% from 2031.
A change of control triggering event allows holders to require repurchase at 101% of principal, subject to accrued interest.

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