Brief: Natural Resource Partners unit amends certain credit facility

Natural Resource Partners

22/03/2016 21:28

March 22 (Reuters) - Natural Resource Partners LP  NRP.N  : 
    * In connection with such repayment, borrowing base under 
facility was reduced from $85.0 million to $75.0 million 
    * Unit also agreed with lenders that borrowing base will be 
reduced to $70.0 million on august 1, 2016 
    * Unit entered into an amendment to its reserve-based 
revolving credit facility and repaid $10.0 million thereunder 
    * Borrowing base will be further reduced to $50.0 million on 
October 1, 2016 
    * Next scheduled redetermination of borrowing base under 
facility will occur in November 2016 
 
Source text for Eikon: (http://1.usa.gov/1Rxl1t2) 
Further company coverage:  NRP.N  
 
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