Natural Resource Partners L.P Retires $98 Million of 9.125% Senior Notes due 2025

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Jun 15, 2022

Natural Resource Partners L.P. (NYSE: NRP) today announced it has retired $98 million of its 9.125% Senior Notes due 2025 in the second quarter of 2022. These notes were purchased on the open market at a weighted average price of 102.23%, a discount to the current redemption price of 104.563%. The retirement of this debt will save approximately $9 million annually in interest savings. After giving effect to the transactions, $202 million of NRP’s 9.125% Senior Notes due 2025 remain outstanding and NRP has a 1.6x pro-forma leverage ratio as of March 31, 2022.