secwatch.observer — SEC 8-K summary
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Issuer:     NATURAL RESOURCE PARTNERS LP (NRP)
CIK:        0001171486
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001437749-23-014624
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1171486/000143774923014624/0001437749-23-014624-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1171486/000143774923014624/nrp20230510_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-014624

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