secwatch.observer — SEC 8-K summary
======================================

Issuer:     NATURAL RESOURCE PARTNERS LP (NRP)
CIK:        0001171486
Form:       8-K
Filed at:   2022-08-11T23:59:59+00:00
Accession:  0001171486-22-000037
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1171486/000117148622000037/0001171486-22-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1171486/000117148622000037/nrp-20220809.htm
  HTML page:      https://secwatch.observer/filing/0001171486-22-000037

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer