0001193125-23-035770.txt : 20230213 0001193125-23-035770.hdr.sgml : 20230213 20230213160903 ACCESSION NUMBER: 0001193125-23-035770 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20230213 DATE AS OF CHANGE: 20230213 GROUP MEMBERS: GOLDENTREE ASSET MANAGEMENT LLC GROUP MEMBERS: STEVEN A. TANANBAUM SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NATURAL RESOURCE PARTNERS LP CENTRAL INDEX KEY: 0001171486 STANDARD INDUSTRIAL CLASSIFICATION: BITUMINOUS COAL & LIGNITE SURFACE MINING [1221] IRS NUMBER: 352164875 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-78553 FILM NUMBER: 23618454 BUSINESS ADDRESS: STREET 1: 1201 LOUISIANA STREET, SUITE 3400 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 713-751-7507 MAIL ADDRESS: STREET 1: 1201 LOUISIANA STREET, SUITE 3400 CITY: HOUSTON STATE: TX ZIP: 77002 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GOLDENTREE ASSET MANAGEMENT LP CENTRAL INDEX KEY: 0001278951 IRS NUMBER: 134118850 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 300 PARK AVENUE STREET 2: 21ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2128473500 MAIL ADDRESS: STREET 1: 300 PARK AVENUE STREET 2: 21ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 SC 13G 1 d423049dsc13g.htm SC 13G SC 13G

 

 

Securities and Exchange Commission

Washington, D.C. 20549

 

 

Schedule 13G

(Rule 13d-102)

Information to be Included in Statements Filed Pursuant

to § 240.13d-1(b), (c) and (d) and Amendments Thereto Filed

Pursuant to § 240.13d-2

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. )*

 

 

NATURAL RESOURCE PARTNERS LP

(Name of Issuer)

Common Units representing limited partner interests

(Title of Class of Securities)

63900P608

(CUSIP Number)

December 31, 2022

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

☒ Rule 13d-1(d)

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

CUSIP No. 63900P608    Schedule 13G    Page 1 of 9

 

  1    

  Names of Reporting Persons

 

  GoldenTree Asset Management LP

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  Delaware

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

    5    

  Sole Voting Power

 

  0

   6  

  Shared Voting Power

 

  543,469

   7  

  Sole Dispositive Power

 

  0

   8  

  Shared Dispositive Power

 

  543,469

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  543,469

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  4.3%

12  

  Type of Reporting Person

 

  PN

CUSIP No. 63900P608    Schedule 13G    Page 2 of 9

 

 

  1    

  Names of Reporting Persons

 

  GoldenTree Asset Management LLC

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  Delaware

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

    5    

  Sole Voting Power

 

  0

   6  

  Shared Voting Power

 

  543,469

   7  

  Sole Dispositive Power

 

  0

   8  

  Shared Dispositive Power

 

  543,469

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  543,469

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  4.3%

12  

  Type of Reporting Person

 

  OO (Limited Liability company)

CUSIP No. 63900P608    Schedule 13G    Page 3 of 9

 

  1    

  Names of Reporting Persons

 

  Steven A. Tananbaum

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  United States

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

    5    

  Sole Voting Power

 

  79,288

   6  

  Shared Voting Power

 

  543,469

   7  

  Sole Dispositive Power

 

  79,288

   8  

  Shared Dispositive Power

 

  543,469

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  622,757

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  5.0%

12  

  Type of Reporting Person

 

  IN

CUSIP No. 63900P608    Schedule 13G    Page 4 of 9

 

ITEM 1.    (a)     Name of Issuer:

Natural Resource Partners LP (the “Issuer”).

 

  (b)

Address of Issuer’s Principal Executive Offices:

1415 Louisiana Street, Suite 2400, Houston, Texas 77002.

ITEM 2.    (a)     Name of Person Filing:

Each of the following is hereinafter individually referred to as a “Reporting Person” and collectively as the “Reporting Persons.” This statement is filed on behalf of:

GoldenTree Asset Management LP (the “Investment Manager”)

GoldenTree Asset Management LLC (“IMGP”)

Steven A. Tananbaum

 

  (b)

Address or Principal Business Office:

The principal business address of each of the Reporting Persons is 300 Park Avenue, 21st Floor, New York, NY 10022.

 

  (c)

Citizenship of each Reporting Person is:

Investment Manager and IMGP are organized under the laws of the State of Delaware. Mr. Tananbaum is a citizen of the United States.

 

  (d)

Title of Class of Securities:

Common units representing limited partner interests (“Common Units”).

 

  (e)

CUSIP Number:

63900P608

 

ITEM 3.

Not applicable.

CUSIP No. 63900P608    Schedule 13G    Page 5 of 9

 

ITEM 4.

Ownership.

 

  (a-c)

The ownership information presented below represents beneficial ownership of Common Units of the Issuer as of the date hereof, based upon 12,505,996 Common Units outstanding as of September 30, 2022, based on the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 3, 2022.

 

Reporting Person   

Amount

beneficially

owned

     

Percent

of class:

     Sole power
to vote or
to direct
the vote:		      Shared
power to
vote or to
direct
the vote:		      Sole power to
dispose or
to direct the
disposition of:		     

Shared

power to

dispose or

to direct the

disposition of:

  

GoldenTree Asset Management LP

      543,469        4.3 %      0        543,469        0        543,469  

GoldenTree Asset Management LLC

      543,469        4.3 %      0        543,469        0        543,469  

Steven A. Tananbaum

      622,757        5.0 %      79,288        543,469        79,288        543,469  

The securities reported in the table above include 543,469 Common Units held of record by certain managed accounts (collectively, the “Accounts”) for which the Investment Manager serves as investment manager. In addition, Mr. Tananbaum is the holder of record of 79,288 Common Units. Mr. Tananbaum is the managing member of IMGP, which is the general partner of the Investment Manager. As a result of these relationships, each of the Reporting Persons may be deemed to share beneficial ownership of the securities held of record by the Accounts.

 

ITEM 5.

Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owners of more than five percent of the class of securities, check the following: ☒

 

ITEM 6.

Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

 

ITEM 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

Not applicable.

 

ITEM 8.

Identification and Classification of Members of the Group.

Not applicable.

CUSIP No. 63900P608    Schedule 13G    Page 6 of 9

 

ITEM 9.

Notice of Dissolution of Group.

Not applicable.

 

ITEM 10.

Certification.

Not applicable.

CUSIP No. 63900P608    Schedule 13G    Page 7 of 9

 

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: February 13, 2023

 

GOLDENTREE ASSET MANAGEMENT LP
By: GoldenTree Asset Management LLC, its general partner
By:  

/s/ Steven A. Tananbaum

Name:   Steven A. Tananbaum
Title:   Managing Member
GOLDENTREE ASSET MANAGEMENT LLC
By:  

/s/ Steven A. Tananbaum

Name:   Steven A. Tananbaum
Title:   Managing Member
STEVEN A. TANANBAUM

/s/ Steven A. Tananbaum

CUSIP No. 63900P608    Schedule 13G    Page 8 of 9

 

LIST OF EXHIBITS

 

Exhibit No.

   

Description

99    Joint Filing Agreement.
 EX-99 2 d423049dex99.htm EX-99 EX-99
CUSIP No. 63900P608    Schedule 13G    Page 9 of 9

 

Exhibit 99

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree that they are jointly filing this statement on Schedule 13G. Each of them is responsible for the timely filing of such statement and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate.

IN WITNESS WHEREOF, the undersigned hereby execute this Joint Filing Agreement as of February 13, 2023.

 

GOLDENTREE ASSET MANAGEMENT LP
By:   GoldenTree Asset Management LLC, its general partner
By:  

/s/ Steven A. Tananbaum

Name:   Steven A. Tananbaum
Title:   Managing Member
GOLDENTREE ASSET MANAGEMENT LLC
By:  

/s/ Steven A. Tananbaum

Name:   Steven A. Tananbaum
Title:   Managing Member
STEVEN A. TANANBAUM

/s/ Steven A. Tananbaum