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Northern Oil and Gas, Inc.
NOG today announced that, subject to market conditions, it intends to offer $250 million in aggregate principal amount of senior notes due 2020 (the "notes") in a private placement to eligible purchasers. The notes will be Northern Oil's general unsecured obligations. Northern Oil intends to use the net proceeds of this offering to repay borrowings outstanding under its revolving credit facility, to fund capital expenditures, and for other general corporate purposes.
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