Northern Oil and Gas Inc.
Description
Northern Oil and Gas Inc. has entered into two separate agreements with institutional holders of its 8.5% Senior Secured Second Lien Notes due 2023 whereby Northern will repurchase and retire $50.8 million in aggregate principal amount of notes in exchange for 549,940 shares of its 6.5% Series A Perpetual Cumulative Convertible Preferred Stock. Upon closing of these transactions, Northern will have $341 million in principal amount of Notes outstanding.