Natural Resource Partners (NRP) Prices 4M Common Units at $25.17/Unit

Natural Resource Partners L.P. (NYSE: NRP) announced today that it has priced an underwritten public offering of 4,000,000 common units representing limited partner interests in Natural Resource Partners L.P. at $25.17 per common unit in an offering registered under the Securities Act of 1933, as amended. In connection with the offering, Natural Resource Partners L.P. granted the underwriters a 30-day option to purchase up to 600,000 additional common units to cover over-allotments, if any. Natural Resource Partners L.P. intends to use the net proceeds of approximately $98.3 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.