Natural Resource Partners L.P. Announces Redemption of 9.125% Senior Notes due 2025
September 29 2022 - 4:30PM
Business Wire
Natural Resource Partners L.P. (NYSE: NRP) announced
today that it has given notice of its intention to redeem all of
its outstanding 9.125% Senior Notes due 2025 (CUSIP Numbers
63902MAE84, U63764AC52) (the “Notes”) on October 31, 2022 (the
“Redemption Date”) at a redemption price of 102.281% of the
principal amount plus accrued and unpaid interest to, but not
including, the Redemption Date. NRP expects to finance the
redemption using cash on hand and borrowings under its recently
extended credit facility, which matures in 2027.
NRP has instructed Wilmington Trust, National Association, as
the trustee for the Notes, to distribute a notice of redemption to
all registered holders of the Notes on September 29, 2022.
Wilmington Trust, National Association is the paying agent for the
Notes. Payment of the redemption price for the Notes will be made
to the paying agent pursuant to the indenture. All redeemed notes
must be surrendered to the paying agent to collect the redemption
price.
This press release shall not constitute a notice of redemption,
nor does it 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 or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
Company Profile
Natural Resource Partners L.P., a master limited partnership
headquartered in Houston, TX, is a diversified natural resource
company that owns, manages and leases a diversified portfolio of
properties in the United States including coal, industrial minerals
and other natural resources, as well as rights to conduct carbon
sequestration and renewable energy activities. NRP also owns an
equity investment in Sisecam Wyoming LLC, one of the world’s
lowest-cost producers of soda ash.
Further information about NRP is available on the partnership’s
website at http://www.nrplp.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220929005027/en/
Tiffany Sammis, Investor Relations, 713.751.7515,
tsammis@nrplp.com
Natural Resource Partners (NYSE:NRP)
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