Capped Call Transactions
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NOG Upsizes Convertible Senior Notes Reopening to $175.0 Million
Northern Oil and Gas (NOG) is issuing an additional $175 million of 3.625% convertible senior notes due 2029. Proceeds will be used for share repurchases and a hedge aimed at offsetting dilution, with the “cap” price for those transactions set at $50.87. The offering provides increased strategic flexibility, with a settlement date of June 17, 2025.
