Natural Resource Partners to use existing loan to fund acquisition

By Sara Rosenberg

New York, Feb. 27 - Natural Resource Partners LP anticipates using its existing credit facility to help fund the acquisition of an overriding royalty interest from a subsidiary of Alpha Natural Resources LLC for $11.85 million.

The acquisition, which is effective Feb. 1, 2003, will generate approximately $1.6 million in EBITDA for the remainder of 2003, according to a news release.

Natural Resource Partners is a Houston owner and manager of coal properties.

Hollywood Entertainment prepays 2003 quarterly payments on loan

By Sara Rosenberg

New York, Feb. 27 - Hollywood Entertainment Corp. prepaid all of its quarterly payments due during 2003 on its senior secured term loan facility.

Hollywood Entertainment is a Wilsonville, Ore. owner and operator of a video store chain.

LNR Property plans to repay revolver debt with sale of convertible notes

By Ronda Fears

Nashville, Feb. 27 - LNR Property Corp. plans on using a portion of the proceeds from a sale of $175 million 20-year convertible senior subordinated notes to repay some $75 million of secured and unsecured revolving credit debt.

LNR is a Miami real estate investment, finance and management company that structures and makes real estate and real estate-related investments.

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