Natural Resource Partners draws on revolver to redeem preferred units

Chicago, June 6 – Natural Resource Partners LP drew on its revolving credit facility to fund the $45 million redemption of it class A preferred units, according to an 8-K filing with the Securities and Exchange Commission.

The 45,000 units were purchased in a negotiated transaction with holders, leaving none of the original 250,000 outstanding.

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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