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Northern O&G Ups Borrowing Base to $550 Million

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   |    Wednesday,October 01,2014

Northern Oil and Gas, Inc. has announced an increase to the borrowing base under its revolving credit facility agreement with its bank syndicate. 

The syndicate of 13 lenders completed its regular semi-annual redetermination of the borrowing base, resulting in an increase from $500 million to $550 million. The next redetermination of the borrowing base is scheduled for April 1, 2015.


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