Northern Oil and Gas Inc. (NYSE: NOG) announced that it completed the scheduled mid-year redetermination under its revolving credit facility and as a result increased the borrowing base thereunder from $300 million to $350 million.
The revolving credit facility was also amended to expand the group of lenders by adding The Bank of Nova Scotia and ING Capital. Northern Oil currently has $68.0 million of outstanding borrowings under the credit facility.
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