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Stock impact report

NOG Reprices and Extends Its Revolving Credit Facility

Northern Oil and Gas, Inc. (NOG) 
NASDAQ:AMEX Investor Relations: northernoil.com
Company Research Source: Business Wire
MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced that on November 5, 2025, it entered into an amended and restated credit agreement governing its reserves-based revolving credit facility (the “Facility”) with Wells Fargo, as administrative agent, and the existing syndicate of 20 lenders. The elected commitment at $1.6 billion, and the borrowing base at $1.8 billion, remain unchanged. The maturity date was extended from June 2027 to November 2030, further enhancing NOG’s weighted average debt maturity to six years. In addition, the cost of borrowing on the Facility was substantially improved with a reduction of 60 basis points.MANAGEMENT COMMENT“We are pleased with the extension and update of our revolving credit facility. NOG’s borrowing base and elected commitment were unchanged while our cost of borrowing was reduced by 60 basis points despite an increasingly challenging macro environment. The terms of our renewed revo Show less Read more
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