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Northern Oil and Gas to pay down revolver with note offering proceeds
By Wendy Van Sickle
Columbus, Ohio, May 13 – Northern Oil and Gas, Inc. plans to repay borrowings outstanding under its revolving credit facility with proceeds from an offering of senior notes, the company said in a Wednesday news release.
Proceeds from the $200 million note offering will also go toward general corporate purposes, the company said.
Northern Oil is an exploration and production company based in Wayzata, Minn.
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