Northern Oil and Gas issues $725 million of 7.875% senior notes due 2033
Northern Oil and Gas (NOG) issued $725 million of 7.875% senior notes due 2033 under an indenture dated October 1, 2025. The company said it used part of the proceeds to pay for $684.9 million of its 8.125% notes due 2028 tendered in a tender offer, which it made payment for on October 1, 2025.
Key points
- Issued $725,000,000 aggregate principal of 7.875% Senior Notes due October 15, 2033, with interest payable each April 15 and October 15 starting April 15, 2026.
- Accepted for payment $684,943,000 of 8.125% Senior Notes due 2028 in the tender offer, paid on October 1, 2025 using part of the new notes' proceeds.
- Notes can be redeemed before October 15, 2028 at 107.875% of principal using equity offering proceeds, or at 100% plus a make-whole premium; change of control repurchase price is 101%.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:56 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 01, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.