Neuberger Fund Boosts Revolving Credit Facility by $25M to $175M
Neuberger Energy Infrastructure and Income Fund raised its revolving credit facility commitment by $25 million, increasing total available debt financing to $175 million from $150 million. The amendment also extends the facility’s duration to better align leverage capacity with the Fund’s current asset levels, enhancing liquidity for new investments.
1. Amendment to Revolving Credit Facility
Neuberger Energy Infrastructure and Income Fund amended its revolving credit facility to increase the lender’s commitment from $150 million to $175 million. The updated terms also extend the facility’s maturity, matching debt capacity with the Fund’s current asset base.
2. Implications for Liquidity and Strategy
The additional $25 million in available financing enhances the Fund’s liquidity, providing capital for new energy infrastructure investments and supporting ongoing distributions. By extending the credit facility duration, the Fund aligns its leverage strategy with asset growth and market conditions, potentially improving risk management.