Natural Resource Partners (NRP) Closes 4.58M Common Offering at $25.17/Share

Natural Resource Partners L.P. (NYSE: NRP) announced today that it has closed an underwritten public offering of 4,576,700 common units representing limited partner interests in Natural Resource Partners L.P. at $25.17 per common unit, including 576,700 common units sold to the underwriters pursuant to their option to purchase additional common units. Natural Resource Partners L.P. intends to use the net proceeds of approximately $112.5 million from this offering, including its general partner's proportionate capital contribution, to repay all of the indebtedness outstanding under its credit facility and for general partnership purposes, including financing future acquisitions, such as subsequent closings under the transaction with Colt LLC and other acquisitions in the ordinary course of business.

UBS Investment Bank and Barclays Capital are acting as joint book-running managers of the offering. Citi and Morgan Stanley are acting as senior co-managers, and Madison Williams, RBC Capital Markets and Stifel Nicolaus are acting as co-managers of the offering.