NRP extends credit facility to Aug 2027, increases commitments, switches to SOFR

NATURAL RESOURCE PARTNERS LP

Maturity extended from April 2023 to August 2027; may be earlier if parent notes remain outstanding.
Commitments increased from $100M to $102.5M, expandable to $132.5M.
Reference rate transitioned from LIBOR to SOFR; Zions/Amegy replaces Citibank as agent.
Leverage covenant ≤3.0x; interest coverage ≥3.5x.
Waiver of breakage fees for prepayment of existing Eurodollar loans.

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