Natural Resource Partners to redeem 9 1/8% notes due 2025 on Oct. 31

By Wendy Van Sickle

Columbus, Ohio, Sept. 29 – Natural Resource Partners LP plans to redeem all of its 9 1/8% senior notes due 2025 (Cusips: 63902MAE84, U63764AC52) on Oct. 31 at 102.281 plus accrued interest, according to a news release.

Natural Resource Partners expects to finance the redemption using cash on hand and borrowings under its recently extended credit facility, which matures in 2027.

Wilmington Trust, NA is the trustee and paying agent.

Houston-based Natural Resource Partners mainly engages in owning and managing mineral reserve properties, primarily coal, aggregate and oil and gas reserves.

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