debt
confidence high
sentiment neutral
materiality 0.60
NRP increases credit facility by $27.5M to $130M; Prosperity Bank added as lender
NATURAL RESOURCE PARTNERS LP
- Opco exercised accordion feature to increase total commitments from $102.5M to $130M on Sept 1, 2022.
- Prosperity Bank joined lending group with a new $27.5M commitment under the credit facility.
- All existing terms and conditions of the credit facility remain unchanged.
- The increase was effectuated via a New Lender Agreement filed as Exhibit 10.1 to this 8-K.