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Reported Earlier, Northern Oil and Gas Prices $175M Convertible Notes Reopening At 105.597%, With $50.87 Cap To Offset Potential Dilution

Benzinga·06/13/2025 06:44:19
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  • Reopening of existing 2029 convertible notes provides NOG with incremental strategic flexibility
  • A portion of the proceeds will be used to repurchase stock and purchase a hedge overlay intended to offset share dilution until the stock is above approximately $50.87