Northern Oil and Gas’ $200 Million Senior Notes Offering

Latham & Watkins represented the initial purchasers in the transaction.

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.

RBC Capital Markets, LLC, Wells Fargo Securities, LLC, BofA Securities, Inc., Truist Securities, Inc., U.S. Bancorp Investment, Inc., Fifth Third Securities, Inc., Citizen Capital Markets, Inc., Capital One Securities, Inc., Citigroup Global Markets, Inc., Morgan Stanley & Co. LLC, CIT Capital Securities LLC and Goldman Sachs & Co. LLC acted as initial purchasers for the offering.

Latham & Watkins represented the initial purchasers in the transaction with a corporate team led by Houston partners Michael Chambers (Picture) 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.

Involved fees earner: Michael Chambers – Latham & Watkins; Jim Cole – Latham & Watkins; Timothy Fenn – Latham & Watkins; John Greer – Latham & Watkins; Joshua Marnitz – Latham & Watkins; Michael Pascual – Latham & Watkins; Kate Wang – Latham & Watkins; Dylan White – Latham & Watkins;

Law Firms: Latham & Watkins;

Clients: Bank of America Securities; Capital One Securities; CIT Capital Securities; Citigroup Global Markets Ltd; Citizens Capital Markets; Fifth Third Securities, Inc.; Goldman Sachs & Co.; Morgan Stanley; RBC Capital Markets; Truist Securities Inc. ; U.S. Bancorp Investments; Wells Fargo Securities;