Northern Oil and Gas Inc. (NOG) priced a private offering of $200 million, in aggregate principal amount, of its 0.08% senior notes, the company said May 13.
The notes are due in 2020 and will be general unsecured obligations, Northern said.
Net proceeds of about $184.9 million will repay outstanding revolving credit facility borrowings and support other general corporate purposes.
The offering is scheduled to close May 18.
Nonoperated Northern Oil and Gas Inc. works in the Williston Basin. It is based in Wayzata, Minn.
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