- Northern should be able to reduce its net debt to around $800 million to $850 million by the end of 2021.
- It had its purchase price for its Marcellus acquisition reduced due to other parties acquiring some (mostly producing) properties that were originally included in the deal.
- The purchase price multiple to cash flow remains mostly the same.
- Northern's next note maturity is in 2028, so it has plenty of time to deal with its debt.
- It may choose to pay its preferred dividends again going forward.
For further details see:
Northern Oil & Gas: Purchase Price Reduced For Its Marcellus Acquisition