Neuberger Berman Energy Infrastructure Fund Increases Credit Facility to $150M
- Editor
- Jan 29
- 1 min read
What's Happening: Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSE American: NML) has amended its revolving credit facility to increase available debt financing from $125 million to $150 million. This increase aligns the facility more closely with the fund's current asset level.
The Key Moves:
Fund increases revolving credit facility from $125M to $150M
Amendment aims to align debt financing with current asset level
Facility provided by unnamed lender with increased total commitment
By The Numbers :
Credit facility increased by $25 million
Neuberger Berman manages $508 billion in assets
Firm employs over 2,800 people across 26 countries
Key Quotes:
No direct quotes provided in the press release
No direct quotes provided in the press release
No direct quotes provided in the press release
The Bottom Line: Neuberger Berman Energy Infrastructure and Income Fund's decision to increase its credit facility suggests the fund is positioning itself for potential growth or investment opportunities. This move provides greater financial flexibility, but also potentially increases the fund's leverage and associated risks.
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