Item 2.03. Creation of a Direct Financial Obligation or an Obligation under
an Off-Balance Sheet Arrangement of a Registrant
On May 11, 2023, NRP (Operating) LLC ("Opco") entered into that certain Sixth
Amendment to the Third Amended and Restated Credit Agreement (the "Sixth
Amendment") by and among Opco, the lenders party thereto and Zions
Bancorporation, N.A. dba Amegy Bank, as administrative agent (in such capacity,
the "Administrative Agent") and collateral agent.
The Sixth Amendment amends and modifies that certain Third Amended and Restated
Credit Agreement, dated as of June 16, 2015 (as amended, restated, amended and
restated, supplemented or otherwise modified from time to time, the "Credit
Facility") among Opco, the lenders party thereto and the Administrative Agent.
The Sixth Amendment provides for changes and modifications to the Credit
Facility as set forth therein, which include, among other things, (i) the
increase in commitments from $130.0 million to $155.0 million, with the ability
to expand such commitments to $200.0 million with the addition of future
commitments and (ii) modifications to Opco's ability to declare and make certain
restricted payments.
The Sixth Amendment is filed as Exhibit 10.1 to this Current Report on Form 8-K.
In connection with the Sixth Amendment, Gulf Capital Bank ("Gulf Capital"),
joined the lending group under the Credit Facility as a new lender with a
commitment of $10.0 million, pursuant to that certain New Lender Agreement by
and among Opco, Zions Bancorporation, N.A. dba Amegy Bank, in its capacity as
administrative agent under the Credit Facility, and Gulf Capital, dated as of
May 11, 2023 (the "New Lender Agreement"). The New Lender Agreement is filed as
Exhibit 10.2 to this Current Report on Form 8-K. The summary of the New Lender
Agreement does not purport to be complete and is qualified in its entirety by
reference to Exhibit 10.2.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
Exhibit
Number Description
Sixth Amendment to the Third Amended and Restated Credit Agreement, dated
10.1 as of May 11, 2023, by and among NRP (Operating) LLC, the lenders party
thereto and Zions Bancorporation, N.A. dba Amegy Bank, as administrative
agent and collateral agent.
New Lender Agreement, dated as of May 11, 2023, by and among NRP
10.2 (Operating) LLC, Zions Bancorporation, N.A. dba Amegy Bank, and Gulf
Capital Bank.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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