NATURAL RESOURCE PARTNERS L.P. NRP FINANCE CORPORATION $300,000,000 9.125% Senior Notes due 2025 Purchase AgreementPurchase Agreement • April 22nd, 2019 • Natural Resource Partners Lp • Bituminous coal & lignite surface mining • New York
First Interest Payment Date December 30, 2019 Spread to Treasury: +667 basis points Benchmark: UST 2.750% due June 30, 2025 Optional Redemption: On and after October 30, 2021, at the redemption prices (expressed as percentages of the principal amount) set forth below, plus accrued and unpaid interest: Commencing Price October 30, 2021 104.563% October 30, 2022 102.281% October 30, 2023 and thereafter 100.000% Equity Clawback: Up to 35% at 109.125%, prior to October 30, 2021, plus accrued and unpaid interest Make Whole Redemption: Prior to October 30, 2021 all or part of the notes at 100% of principal amount plus the Make Whole Premium and accrued and unpaid interest. Change of Control: Putable at 101% of principal, plus accrued and unpaid interest Distribution: 144A/Regulation S without registration rights (144A for life) Trade Date: April 17, 2019 Settlement Date: April 29, 2019 (T+7)The settlement date of April 29, 2019 is the seventh business day following the Trade Date (such settl
