Northern Oil & Gas (NOG) Update - June 30

[dan_s]

On June 17th NOG announced the closing of the previously announced sale of convertible notes. Cash proceeds will pay off debt with a higher interest rate and buyback common stock. Reducing interest expense by $5 million per year. The transaction also improves their debt repayment schedule.

Details here: https://finance.yahoo.com/news/nog-closes-upsized-reopening-3-201500182.html