NATURAL RESOURCE PARTNERS LP (NRP): debt financing — NRP increases credit facility capacity to $185M with new $30M lender Summit Community Bank

NATURAL RESOURCE PARTNERS LP

Total aggregate commitment increased by $30M from $155M to $185M via accordion feature.
Summit Community Bank joined lending group with a $30M commitment as new lender.
Credit facility otherwise continues under existing terms; no defaults or Material Adverse Effect.
Borrower represented that no default or Material Adverse Effect is continuing.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

NATURAL RESOURCE PARTNERS LP amended credit facility of $30.0 million with Summit Community Bank.

Instrument: credit facility
Principal: $30.0 million
Counterparty: Summit Community Bank
Event: amendment

Exact text from the filing

On February 1, 2024, NRP (Operating) LLC (“OpCo”) exercised its option under the Third Amended and Restated Credit Agreement, dated as of June 16, 2015 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Facility”), to increase the total aggregate commitment under the Credit Facility by $30.0 million from $155.0 million to $185.0 million.

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Source: SEC EDGAR

accession 0001437749-24-003226

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