Northern Oil & Gas Secures $1.6 Billion Revolving Credit Facility Led by Wells Fargo

Reuters11-11
Northern Oil & Gas Secures $1.6 Billion Revolving Credit Facility Led by <a href="https://laohu8.com/S/EOD">Wells Fargo</a>

Northern Oil & Gas Inc. has entered into a Fourth Amended and Restated Credit Agreement with Wells Fargo Bank, National Association, serving as administrative and collateral agent, along with other lenders. This new Revolving Credit Facility, effective November 5, 2025, replaces the company's previous credit facility from June 2022 and provides an initial elected commitment amount of $1.6 billion. The facility matures on November 5, 2030, and is secured by mortgages on at least 85% of the value of proven reserves from the company's oil and gas properties, as well as a first-priority security interest in substantially all company assets. The agreement includes customary provisions for acceleration upon events of default, such as payment defaults and changes in control.

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