Northern Oil and Gas entered into an amended and restated credit agreement governing its reserves-based revolving credit facility with Wells Fargo, as administrative agent, and a syndicate of 14 lenders. The borrowing base under the facility has been increased to $1.3 billion from $850 million.
Northern Oil and Gas launched an amended $800 million senior secured revolving credit facility, with Wells Fargo Securities serving as left lead arranger, bookrunner and administrative agent.
Northern Oil and Gas has closed an agreement with Royal Bank of Canada, as administrative agent, and a syndicate of lenders under a new $750 million first lien revolving credit facility.
Northern Oil and Gas has closed an agreement with TPG Sixth Street Partners for a new $400 million first lien credit facility. An initial amount of $300 million was funded at closing.
Royal Bank of Canada reduced the Northern Oil and Gas credit facility from $350 million to $325 million at its semi-annual redetermination. Concurrently, BB&T provided a separate $2.4 million term loan under the facility.
Northern Oil and Gas closed a borrowing base redetermination and amended its revolving credit facility. The Royal Bank of Canada served as administrative agent.