Natural Resource Partners L.P. Completes Private Placement of Senior Notes (NRP)

Natural Resource Partners NRP today announced that its wholly owned operating subsidiary NRP LLC has completed a private placement of $200 million of senior unsecured notes with future closings for another $100 million of senior notes to be completed later in 2011. Proceeds from the senior notes were used to eliminate all of the $179 million outstanding under the revolving credit facility, and the balance will be used to fund future acquisitions, including the remaining balance of the Hillsboro acquisition.