Natural Resource Partners L.P. (NYSE:NRP) announced that its wholly owned operating subsidiary NRP (Operating) LLC has completed the previously announced private placement of $50 million of senior unsecured notes (Series K). Proceeds from the senior notes will be used to fund future acquisitions, including the remaining balance of the Hillsboro acquisition. The Series K notes have semi-annual interest payments beginning December 1, 2011 and equal annual principal payments starting December 1, 2014. This completes the private placement of senior notes announced in April 2011.

Natural Resource Partners L.P., through its subsidiaries, engages in the ownership and management of coal properties in Appalachia, the Illinois Basin, and the Northern Powder River Basin regions of the United States.

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