HOUSTON, Oct. 6, 2014 /PRNewswire/ -- Natural Resource
Partners L.P. (NYSE: NRP) announced today that it intends to
offer, subject to market conditions, $125
million aggregate principal amount of senior notes due 2018
in a private placement to eligible purchasers. These notes are
proposed to be offered as additional notes under an indenture
pursuant to which NRP initially issued $300
million principal amount of its 9.125% senior notes due 2018
on September 18, 2013. The proposed
additional notes will be treated as a single series with, and will
have the same terms as, the existing notes, but will not be
fungible with the existing notes for trading purposes unless and
until they are exchanged for registered notes.
![Natural Resource Partners LP logo. Natural Resource Partners LP logo.](http://photos.prnewswire.com/prnvar/20060109/NRPLOGO)
The net proceeds from the notes offering will be used to fund a
portion of the purchase price of NRP's pending acquisition of
non-operated working interests in oil and gas assets located in the
Williston Basin in North Dakota. The notes will not be registered
under the Securities Act of 1933, as amended (the "Securities
Act"), or the securities laws of any state and may not be offered
or sold in the United States
absent registration or an applicable exemption from the
registration requirements under the Securities Act and applicable
state securities laws or blue sky laws and foreign securities
laws.
The notes will be offered only to qualified institutional buyers
under Rule 144A under the Securities Act and to persons outside
the United States under Regulation
S under the Securities Act.
This press release is being issued pursuant to Rule 135c under
the Securities Act and shall not constitute an offer to sell, or
the solicitation of an offer to buy, any securities, nor shall
there be any sale of these securities in any state in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state.
Natural Resource Partners L.P. ("NRP") is a master limited
partnership headquartered in Houston, TX. NRP is a diversified
natural resource company that owns interests in oil and gas, coal,
aggregates and industrial minerals across the United
States. A large percentage of NRP's revenues are generated
from royalties and other passive income. In addition, NRP
owns an equity investment in OCI Wyoming, a trona/soda ash
operation, owns non-operated working interests in oil and gas
properties, and owns VantaCore, making NRP ranked as one of the top
25 aggregates producers in the United
States.
Forward-Looking Statements
This press release may include "forward-looking statements"
as defined by the Securities and Exchange Commission.
All statements, other than statements of historical facts, included
in this press release that address activities, events or
developments that the partnership expects, believes or anticipates
will or may occur in the future are forward-looking
statements. These statements are based on certain assumptions
made by the partnership based on its experience and perception of
historical trends, current conditions, expected future developments
and other factors it believes are appropriate in the
circumstances. Such statements are subject to a number of
assumptions, risks and uncertainties, many of which are beyond the
control of the partnership. Natural Resource Partners
L.P. has no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise.
For additional information, please contact Kathy H. Roberts at 713-751-7555 or
kroberts@nrplp.com.
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SOURCE Natural Resource Partners L.P.