Northern Oil and Gas Inc.
Description
Northern Oil and Gas Inc. has completed its exchange transaction with certain holders of its 8% senior unsecured notes, including the requirement to raise an additional $140 million of new equity capital. Upon closing of the exchange transaction, Northern exchanged approximately $497 million aggregate principal amount of its 8% senior unsecured notes due 2020 for a combination of approximately $344 million aggregate principal amount of second lien senior secured notes due 2023 and 103,249,915 shares of Northern’s common stock.