The Online Investor
OLI Premium
Retiree Portfolio
Stock Option Ideas
Preferred Stock List
ChartZero.com
ChartZero

Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Wed., Oct. 22, 5:34 AM

Slide #18. Natural Resource Partners L.P. Secondary Offering

Company: Natural Resource Partners L.P. (NYSE:NRP)
Date announced: 10/6/2014
Shares Offered: 8,500,000
Date of Pricing: 10/6/2014
Price Per Share: $12.02
Secondary Offering Details: Natural Resource Partners L.P. (NYSE:NRP) today announced that it plans to offer, subject to market conditions, 8,500,000 common units representing limited partner interests in Natural Resource Partners L.P. through an offering registered under the Securities Act of 1933, as amended. In connection with the offering, NRP expects to grant the underwriters a 30-day option to purchase up to 1,275,000 additional common units. NRP intends to use the net proceeds from this offering to fund a portion of the purchase price of the pending acquisition of non-operated working interests in oil and gas assets located in the Williston Basin in North Dakota from an affiliate of Kaiser-Francis Oil Company. - updated 10/7 - Natural Resource Partners L.P. (NYSE: NRP) announced today that it has priced an underwritten public offering of 8,500,000 common units representing limited partner interests in Natural Resource Partners L.P. at $12.02 per common unit in an offering registered under the Securities Act of 1933, as amended. Corbin J. Robertson, Jr., NRP's Chairman and Chief Executive Officer, and certain members of his family and his and their affiliates are expected to purchase up to a total of 1,039,933 common units in the offering, and the underwriters will receive no discount or commission on any common units purchased by them. In connection with the offering, Natural Resource Partners L.P. granted the underwriters a 30-day option to purchase up to 1,275,000 additional common units. Natural Resource Partners L.P. intends to use the net proceeds of approximately $100.7 million from this offering, including its general partner's proportionate capital contribution, to fund a portion of the purchase price of the pending acquisition of non-operated working interests in oil and gas assets located in the Bakken/Three Forks play from an affiliate of Kaiser-Francis Oil Company.

Natural Resource Partners is engaged in the business of owning, managing and leasing mineral properties in the U.S. Co. owns coal reserves in three U.S. coal-producing regions: Appalachia, the Illinois Basin and the Western U.S., as well as lignite reserves in the Gulf Coast region. As of Dec 31 2013, Co. owned or controlled approximately 2.33 billion tons of proven and probable coal reserves, and approximately 500.0 million tons of aggregate reserves in a number of states across the country. Co. does not operate any mines, but leases its reserves to mine operators under leases that grant the operators the right to mine and sell Co.'s coal reserves in exchange for royalty payments.
Open the NRP Page at The Online Investor »

Company Name:  Natural Resources Partners L.P.
Sector:  Metals & Mining
Number of ETFs Holding NRP:  4
Total Market Value Held by ETFs:  $8.78M
Total Market Capitalization:  $1.34B
% of Market Cap. Held by ETFs:  0.66%
 

Open the NRP Page at The Online Investor (in a new window) »

October 22, 2014    5:34 AM Eastern
Quotes delayed 20 minutes



Buy (2.80 out of 4)
31st percentile
(ranked lower than approx. 69% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Secondary Stock Offerings | www.TheOnlineInvestor.com | Copyright © 1998 - 2014, All Rights Reserved

Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes, powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.