Mar. 12 at 7:42 PM
Northern Oil & Gas announced the pricing of an underwritten public offering of 7,207,208 common shares, with the underwriter granted a 30-day option to purchase up to 1,081,081 additional shares. The offering is expected to close on March 13, 2026, subject to customary closing conditions.
The company said it plans to use the net proceeds for general corporate purposes, including repaying a portion of outstanding borrowings under its revolving credit facility. BofA Securities is acting as the sole book-running manager for the offering, with shares expected to be sold through various market transactions, including the New York Stock Exchange and negotiated trades.
$NOG