Northern Oil and Gas Inc.
Description
Entered into an additional independent, separately negotiated exchange agreement with an institutional holder of its 8% senior unsecured notes due 2020. The agreement represents a debt reduction of $9,943,000 par value of notes. Through this and other recently announced exchanges, Northern has now entered into agreements to retire $63.7 million of its remaining notes, permanently reducing interest expenses by $5.1 million on an annual basis.