Natural Resource Partners LP Enters Material Agreement
Ticker: NRP · Form: 8-K · Filed: Oct 17, 2024 · CIK: 1171486
| Field | Detail |
|---|---|
| Company | Natural Resource Partners LP (NRP) |
| Form Type | 8-K |
| Filed Date | Oct 17, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $200.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation
TL;DR
NRP just signed a big deal, creating new financial obligations. Keep an eye on this.
AI Summary
On October 15, 2024, Natural Resource Partners LP entered into a material definitive agreement. This agreement also created a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The filing includes financial statements and exhibits related to this event.
Why It Matters
This filing indicates a significant new financial commitment or arrangement for Natural Resource Partners LP, which could impact its financial obligations and future operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and creating new financial obligations can introduce financial risks and uncertainties for a company.
Key Players & Entities
- NATURAL RESOURCE PARTNERS LP (company) — Registrant
- October 15, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by Natural Resource Partners LP?
The filing states that Natural Resource Partners LP entered into a material definitive agreement on October 15, 2024, but the specific details of the agreement are not provided in this summary.
What type of financial obligation was created by this agreement?
The agreement created a direct financial obligation or an obligation under an off-balance sheet arrangement for Natural Resource Partners LP.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on October 15, 2024.
What are the primary business activities of Natural Resource Partners LP?
Natural Resource Partners LP is involved in Bituminous Coal & Lignite Surface Mining, as indicated by its Standard Industrial Classification code.
Where is Natural Resource Partners LP headquartered?
Natural Resource Partners LP is headquartered in Houston, Texas, at 1415 Louisiana St., Suite 3325.
Filing Stats: 630 words · 3 min read · ~2 pages · Grade level 11.3 · Accepted 2024-10-17 17:11:33
Key Financial Figures
- $200.0 million — hich provides for lender commitments of $200.0 million. The Seventh Amendment provides for cha
Filing Documents
- nrp20241011c_8k.htm (8-K) — 31KB
- ex_732367.htm (EX-10.1) — 57KB
- nrp20230206_8kimg001.jpg (GRAPHIC) — 3KB
- 0001437749-24-031489.txt ( ) — 236KB
- nrp-20241015.xsd (EX-101.SCH) — 3KB
- nrp-20241015_def.xml (EX-101.DEF) — 11KB
- nrp-20241015_lab.xml (EX-101.LAB) — 15KB
- nrp-20241015_pre.xml (EX-101.PRE) — 11KB
- nrp20241011c_8k_htm.xml (XML) — 3KB
01. Entry Into a Material Definitive Agreement
Item 1.01. Entry Into a Material Definitive Agreement The information under Item 2.03 below is incorporated herein by reference. Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant On October 15, 2023, NRP (Operating) LLC ("Opco") entered into that certain Seventh Amendment to the Third Amended and Restated Credit Agreement (the "Seventh Amendment") by and among Opco, the lenders party thereto and Zions Bancorporation, N.A. dba Amegy Bank, as administrative agent (in such capacity, the "Administrative Agent") and collateral agent. The Seventh Amendment amends and modifies that certain 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") among Opco, the lenders party thereto and the Administrative Agent which provides for lender commitments of $200.0 million. The Seventh Amendment provides for changes and modifications to the Credit Facility as set forth therein, which include, among other things, (i) the extension of the maturity date from August 2027 to October 2029 and (ii) modifications to Opco's ability to declare and make certain restricted payments. The Seventh Amendment is filed as Exhibit 10.1 to this Current Report on Form 8-K.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits. Exhibit Number Description 10.1 Seventh Amendment to the Third Amended and Restated Credit Agreement, dated as of October 15, 2024, by and among NRP (Operating) LLC, the lenders party thereto and Zions Bancorporation, N.A. dba Amegy Bank, as administrative agent and collateral agent. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NATURAL RESOURCE PARTNERS L.P. (Registrant) By: NRP (GP) LP its General Partner By: GP Natural Resource Partners LLC its General Partner Date: October 17, 2024 /s/ Philip T. Warman Philip T. Warman General Counsel 2