Northern Oil and Gas, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

LONG TERM DEBT (Tables)

LONG TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2020

The Company’s long-term debt consists of the following:


(In thousands)	December 31, 2020		December 31, 2019
Revolving Credit Facility	$	532,000	$	580,000
Second Lien Notes due 2023	287,755		417,733
Unsecured VEN Bakken Note	130,000		130,000
Total principal	949,755		1,127,733
Unamortized debt discounts and premiums	2,041		4,860
Unamortized debt issuance costs (1)	(6,953)		(14,432)
Total debt	944,843		1,118,161
Less current portion of long-term debt	(65,000)		—
Total long-term debt	$	879,843	$	1,118,161

_____________________

(1)Debt issuance costs related to the Company’s revolving credit facility of $6.5 million and $9.8 million as of December 31, 2020 and 2019, are recorded in “Other Noncurrent Assets, Net” in the balance sheets. During the years ended December 31, 2020 and 2019, the Company recorded a $1.5 million and zero write-off of debt issuance costs as a result of the reduction in the borrowing base under the Revolving Credit Facility.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details