---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-014624"
form_type: "8-K"
ticker: "NRP"
cik: "0001171486"
company_name: "NATURAL RESOURCE PARTNERS LP"
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T00:41:33.118388+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# NRP (Operating) LLC boosts credit line to $155M, can expand to $200M

## Summary
- Commitments under credit facility increased from $130M to $155M; cumulative expansion cap raised to $200M.
- Gulf Capital Bank joined as new lender with a $10M commitment.
- Restricted payments covenant amended: requires Leverage Ratio <2.00x and Liquidity >=20% of total Commitments.
- Guarantors reaffirmed obligations; no default occurred or is continuing post-amendment.

## SEC filing metadata
- accession: 0001437749-23-014624
- form_type: 8-K
- ticker: NRP
- cik: 0001171486
- company_name: NATURAL RESOURCE PARTNERS LP
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1171486/000143774923014624/0001437749-23-014624-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1171486/000143774923014624/nrp20230510_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-014624
- JSON: https://secwatch.observer/filing/0001437749-23-014624.json
- Plain text: https://secwatch.observer/filing/0001437749-23-014624.txt

## Key facts
- Debt Financings
  NATURAL RESOURCE PARTNERS LP amended credit facility of increase in commitments from $130.0 million to $155.0 million, with the ability to expand such commitments to $200.0 mil with lenders party thereto and Zions Bancorporation, N.A. dba Amegy Bank, as administrative agent.
  - Instrument: credit facility
  - Principal: increase in commitments from $130.0 million to $155.0 million, with the ability to expand such commitments to $200.0 mil
  - Counterparty: lenders party thereto and Zions Bancorporation, N.A. dba Amegy Bank, as administrative agent
  - Event: amendment
  source text: The Sixth Amendment provides for changes and modifications to the Credit Facility as set forth therein, which include, among other things, (i) the increase in commitments from $130.0 million to $155.0 million, with the ability to expand such commitments to $200.0 million with the addition of future commitments and (ii) modifications to Opco’s ability to declare and
  evidence_url: https://www.sec.gov/Archives/edgar/data/1171486/000143774923014624/0001437749-23-014624-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.