Northern Oil and Gas Announces $725mln Senior Notes Offering

Northern Oil and Gas has announced a $725 million private offering of senior notes due 2033. The company plans to use the net proceeds from the offering to repay existing debt, finance its capital program, and for general corporate purposes. The notes will be senior unsecured obligations of the company and will be guaranteed by its subsidiaries.

Northern Oil and Gas (NYSE: NOG) has announced a private offering of senior notes totaling $725 million, with a maturity date of 2033. The company plans to use the net proceeds from this offering to fund various financial initiatives, including the repayment of existing debt and the financing of its capital program. Additionally, any remaining funds will be allocated for general corporate purposes Northern Oil and Gas announces $725 million private offering of senior notes^[1].

The company intends to use the net proceeds from the offering, along with cash on hand and/or borrowings under its revolving credit facility, to purchase its outstanding 8.125% senior notes due in 2028. This move is part of the company's ongoing efforts to optimize its debt structure and improve its financial health Northern Oil and Gas announces $725 million private offering of senior notes^[1].

Northern Oil and Gas has been actively managing its capital expenditures (Capex) to enhance near-term free cash flow. In recent months, the company has outlined a $137.5 million CapEx cut for 2025, signaling a record M&A pipeline for the year. These strategic adjustments are aimed at maintaining a strong balance sheet and positioning the company for future growth opportunities .

The new senior notes will be senior unsecured obligations of the company and will be guaranteed by its subsidiaries. This offering is expected to further strengthen Northern Oil and Gas's financial position and provide flexibility for future investments.