Northern Oil and Gas, Inc. (NYSE American: NOG) (“Northern” or the “Company”) today announced that it is terminating the previously announced consent solicitation (the “consent solicitation”) related to the Company’s 8.50% Senior Secured Second Lien Notes due 2023 (the “Notes”) described in the Consent Solicitation Statement, dated as of July 2, 2020.
The deadline for holders to deliver (and not revoke) consents in the consent solicitation in order to be entitled to receive the consent fee (the “Expiration Time”) expired at 5:00 p.m., New York City time, on July 15, 2020. As of the Expiration Time, the Company had not received the consent of holders of at least a majority in aggregate principal amount outstanding of the Notes.
Rather than extend the Expiration Time, the Company has determined to terminate the consent solicitation. This announcement is for informational purposes only and is not an offer to purchase, or the solicitation of an offer to sell, the Notes or any other security of the Company.
ABOUT NORTHERN OIL AND GAS
Northern Oil and Gas, Inc. is an exploration and production company with a core area of focus in the Williston Basin Bakken and Three Forks play in North Dakota and Montana.
Source: Northern Oil and Gas, Inc.
Mike Kelly, 952-476-9800
Executive Vice President, Finance