NORTHERN OIL & GAS, INC. (NOG) Form 8-K — Aug 26, 2026
Northern Oil and Gas entered into an indenture with Wilmington Trust, National Association on August 26, 2026, issuing $500,000,000 in aggregate principal amount of 7.500% Senior Notes due 2034, creating a new direct financial obligation disclosed under Items 1.01 and 2.03 of the Form 8-K. The notes mature September 1, 2034, with interest payable semi-annually on March 1 and September 1 at 7.500% per annum, commencing March 1, 2027. The company may redeem up to 40% of the notes at 107.500% of principal before September 1, 2029 using equity offering proceeds, and holders can require repurchase at 101% of principal upon a Change of Control Triggering Event.
Key figures
- Debt Amount
- 500000000
- Interest Rate
- 7.5
- Maturity Date
- September 1, 2034
- Coupon
- 7.500% per annum, payable semi-annually on March 1 and September 1, commencing March 1, 2027
- Issue Date
- August 26, 2026
- Equity Clawback
- Up to 40% of principal redeemable at 107.500% prior to September 1, 2029 if funded by equity offering net proceeds within 180 days of closing
- Change Of Control Put
- 101% of principal plus accrued interest upon a Change of Control Triggering Event
- Minimum Denominations
- $2,000 and integral multiples of $1,000
- Cross Default Threshold
- $75.0 million
- Offering Memorandum Date
- August 19, 2026
- Judgment Default Threshold
- $75.0 million
Price after filing
Close on the filing date to close N calendar days later (from $26.02). Historical, not a forecast.
AI analysis
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