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Our mission: Bringing practical business and technical intelligence to today's structured cabling professionals

For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

Throughout our annual magazine, weekly email newsletters and 24/7/365 website, Cabling Installation & Maintenance digs into the essential topics our audience focuses on.

  • Design, Installation and Testing: We explain the bottom-up design of cabling systems, from case histories of actual projects to solutions for specific problems or aspects of the design process. We also look at specific installations using a case-history approach to highlight challenging problems, solutions and unique features. Additionally, we examine evolving test-and-measurement technologies and techniques designed to address the standards-governed and practical-use performance requirements of cabling systems.
  • Technology: We evaluate product innovations and technology trends as they impact a particular product class through interviews with manufacturers, installers and users, as well as contributed articles from subject-matter experts.
  • Data Center: Cabling Installation & Maintenance takes an in-depth look at design and installation workmanship issues as well as the unique technology being deployed specifically for data centers.
  • Physical Security: Focusing on the areas in which security and IT—and the infrastructure for both—interlock and overlap, we pay specific attention to Internet Protocol’s influence over the development of security applications.
  • Standards: Tracking the activities of North American and international standards-making organizations, we provide updates on specifications that are in-progress, looking forward to how they will affect cabling-system design and installation. We also produce articles explaining the practical aspects of designing and installing cabling systems in accordance with the specifications of established standards.

Cabling Installation & Maintenance is published by Endeavor Business Media, a division of EndeavorB2B.

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NOG Announces Cancellation of Equity Warrants and Provides Update on Shareholder Return Initiatives

Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced that it has closed a negotiated agreement with the holder of its outstanding equity warrants issued in the Reliance Marcellus acquisition (the “Warrants”) to cancel such Warrants in exchange for shares of NOG common stock, on a cashless basis. Additionally, NOG announced that it has repurchased shares of its common stock, additional shares of its 6.5% Series A Convertible Preferred Stock (the “Preferred Stock”) and additional amounts of its 8.125% Senior Unsecured Notes due 2028 (the “Notes”).

WARRANT EXCHANGE TRANSACTION

  • As part of the Reliance Marcellus acquisition, NOG previously issued 3.25 million Warrants exercisable at $14.00 per share, a substantial premium to NOG’s stock price when announced
  • All Warrants issued in this acquisition have been cancelled in exchange for shares of common stock, on a cashless basis
  • 3,294,092 potential shares of common stock issuable upon exercise of the Warrants (as adjusted for prior cash dividends) have been reduced to 2,322,690 common shares issued in the exchange transaction, a reduction of 971,402 shares

EQUITY AND DEBT REPURCHASES

  • NOG has repurchased an additional $2.5 million of liquidation preference value of Preferred Stock since last update, reducing the diluted common share count by an additional 110,534 shares
  • $57.5 million of liquidation preference value of Preferred Stock repurchased year-to-date; these transactions have reduced NOG’s diluted common share count by over 2.5 million shares in aggregate
  • NOG’s $150 million common stock repurchase authorization is active, and the Company has repurchased 334,051 shares in the open market at an average price of $29.93 per share quarter-to-date (through June 22, 2022)
  • NOG has repurchased an additional $8.4 million of its Notes at 97.7% of par value since last update, leaving $736.6 million of Notes outstanding

MANAGEMENT COMMENT

“We have substantially reduced the potential shares issuable under the Warrants,” commented Chad Allen, NOG’s Chief Financial Officer. “This helps continue to simplify our capital structure. We also continue to reduce our share count and fixed charges through opportunistic repurchases of our debt and our common and preferred stock.”

DISCLAIMER

This communication is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

ABOUT NOG

NOG is a company with a primary strategy of investing in non-operated minority working and mineral interests in oil & gas properties, with a core area of focus in the premier basins within the United States. More information about NOG can be found at www.northernoil.com.

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