secwatch.observer — SEC 8-K summary
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Issuer:     NATURAL RESOURCE PARTNERS LP (NRP)
CIK:        0001171486
Form:       8-K
Filed at:   2024-10-17T23:59:59+00:00
Accession:  0001437749-24-031489
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NRP extends credit facility maturity to Oct 2029, revises restricted payment covenants
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- Seventh Amendment extends maturity from Aug 2027 to Oct 15, 2029 on $200M revolving credit facility.
- Restricted payments (e.g., dividends, buybacks) now require Leverage Ratio < 2.00x and Liquidity >= 20% of commitments.
- Redefined Available Free Cash Flow and Free Cash Flow to govern distribution capacity.
- Amendment also permits parent repurchases of equity under new conditions; monthly reporting required.
- Borrower representation of no default after amendment; all existing security interests reaffirmed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1171486/000143774924031489/0001437749-24-031489-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1171486/000143774924031489/nrp20241011c_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-031489

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