Natural Resource Partners upsizes credit facility to $300 million

By Sara Rosenberg

New York, Dec. 18 - Natural Resource Partners LP increased its credit facility to $300 million from $175 million by exercising its accordion feature, according to a company news release.

Borrowings under the upsized facility were used to fund the purchase of about 20 million tons of low vol metallurgical coal reserves from National Resources, Inc. for $20 million.

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

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