Northern Oil and Gas expands revolver commitment to $1.5 billion

By Wendy Van Sickle

Columbus, Ohio, April 29 – Northern Oil and Gas Inc. entered into an amendment to its senior secured revolving credit facility that increases the elected commitment amount to $1.5 billion from $1.25 billion, according to a news release.

The borrowing base is unchanged at $1.8 billion.

JPMorgan Chase Bank, Mizuho Bank and Comerica Bank have joined as new members of the lending syndicate.

Northern Oil is a Minnetonka, Minn.-based real asset company with a primary strategy of acquiring and investing in non-operated minority working and mineral interests in hydrocarbon producing basins.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.