Natural Resource Partners LP - 2011-04-21

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. Citigroup Global Markets Inc. was the placement agent.