05:00 PM EDT, 06/17/2025 (MT Newswires) -- Northern Oil and Gas ( NOG ) said Tuesday that it has closed the reopening of its 3.625% convertible unsecured senior notes due April 2029, improving its liquidity and debt maturity schedule.

The firm said it issued $200.0 million of the notes, including the initial purchasers' option to buy additional notes, at 105.597%, raising about $211.2 million.

Northern Oil and Gas ( NOG ) said that it also repurchased $35 million of its shares and entered into capped call transactions to mitigate dilution from its convertible notes.

Net proceeds will be used to reduce the outstanding balance on its revolving credit facility, the company added.