Northern Oil & Gas upsizes revolving credit facility to $1.8 billion

Reuters06:40
Northern Oil & Gas upsizes revolving credit facility to $1.8 billion

Northern Oil and Gas Inc. amended its reserves-based revolving credit facility due 2030 with Wells Fargo as administrative agent and a syndicate of 18 lenders. The company increased the elected commitment to $1.8 billion from $1.6 billion and raised the borrowing base to $1.975 billion from $1.8 billion, with other terms remaining substantially unchanged.

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