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Latham & Watkins Advises Initial Purchasers in Northern Oil and Gas’ Private Offering of Senior Notes

November 10, 2021
A capital markets team represents the underwriters in the investment company’s offering.

Northern Oil and Gas, Inc. (NYSE American: NOG) announced that it has priced a private placement under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the Securities Act), to eligible purchasers, of US$200 million in aggregate principal amount of additional 8.125% senior notes due 2028 (the Additional Notes) at an offering price equal to 106.75% of par, plus accrued interest from September 1, 2021, representing a yield to worst of 6.31%. The Additional Notes will be issued under the same indenture as the notes issued by the Company on February 18, 2021 (the “Existing Notes”) and will form a part of the same series of notes as the Existing Notes. The Offering is expected to close on November 15, 2021, subject to the satisfaction of customary closing conditions.

Latham & Watkins LLP represented the initial purchasers in the transaction with a corporate team led by Houston partners Michael Chambers and John Greer with assistance from associates Michael Pascual, Kate Wang, Dylan White, and Austin Reed. Advice was also provided on tax matters by Houston partners Tim Fenn and Jim Cole; and on environmental matters by Los Angeles counsel Josh Marnitz.