---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-004832"
form_type: "8-K"
ticker: "NRP"
cik: "0001171486"
company_name: "NATURAL RESOURCE PARTNERS LP"
filed_at: "2024-02-20T23:59:59+00:00"
generated_at: "2026-06-05T22:44:41.818051+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# NRP ups credit facility by $15M to $200M; 500K warrants net-settled for $29.7M cash

## Summary
- Frost Bank increased commitment by $15M to $40M under accordion feature of existing credit facility.
- Total credit facility commitments raised from $185M to $200M; other terms unchanged.
- 500,000 warrants exercised at $34.00 strike; 15-day VWAP prior to exercise was $93.47.
- Warrants settled net on Feb 16, 2024 for $29.7M cash; 0.3M warrants at $34.00 remain outstanding.
- Originally issued 4.0M warrants; exercise reduces potential dilution.

## SEC filing metadata
- accession: 0001437749-24-004832
- form_type: 8-K
- ticker: NRP
- cik: 0001171486
- company_name: NATURAL RESOURCE PARTNERS LP
- filed_at: 2024-02-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1171486/000143774924004832/0001437749-24-004832-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1171486/000143774924004832/nrp20240215_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-004832
- JSON: https://secwatch.observer/filing/0001437749-24-004832.json
- Plain text: https://secwatch.observer/filing/0001437749-24-004832.txt

## Key facts
- Debt Financings
  NATURAL RESOURCE PARTNERS LP amended credit facility of $15.0 million with Frost Bank.
  - Instrument: credit facility
  - Principal: $15.0 million
  - Counterparty: Frost Bank
  - Event: amendment
  source text: 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 $15.0 million from $185.0 million to $200.0 million. The increase in the total aggregate commitment is being made pursuant to an accordion feature of the Credit Facility. The Credit Facility
  evidence_url: https://www.sec.gov/Archives/edgar/data/1171486/000143774924004832/0001437749-24-004832-index.htm

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