Neuberger Berman Fund Enhances Financial Flexibility with New Credit
Neuberger Berman Fund Strengthens Its Financing Structure
Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSE American: NML) has recently taken a significant step to enhance its financial flexibility. This development arises from the Fund's decision to amend its revolving credit facility, thereby increasing the total amount of available debt financing. The new adjustment aims to align more closely with the Fund's current asset levels.
Details of the Credit Facility Amendment
The amendment has led to an increase in the lender's total commitment, rising from $125 million to $150 million. This additional capital allows the Fund to better support its investment strategy and enhance its operations. Such adjustments showcase the Fund's proactive approach to financial management and adaptability in a constantly changing economic landscape.
About Neuberger Berman
Founded in 1939, Neuberger Berman is an independent, employee-owned investment management firm. With over 2,800 dedicated employees across 26 countries, it manages assets exceeding $508 billion. Neuberger Berman offers investment solutions across various asset classes including equities, fixed income, private equity, real estate, and hedge funds. The firm’s investment philosophy prioritizes active management, and its commitment to research and engaged ownership is paramount to its success.
Commitment to Sustainable Investing
Neuberger Berman's commitment to sustainability and responsible investing is well-recognized. The firm has received accolades from the PRI for its consistent performance in stewardship and sustainable investing initiatives. This dedication demonstrates their rigorous approach and ethical responsibility in managing funds and impacting markets positively.
Recognitions and Workplace Culture
Neuberger Berman has gained recognition in the industry, notably being ranked by Pensions & Investments as one of the best places to work in money management for the past decade for firms with over 1,000 employees. This consistent recognition showcases the firm’s commitment to fostering a positive work environment where employees can thrive.
Contact Information
For further inquiries, please reach out to Neuberger Berman Investment Advisers LLC. The Investor Information line can be reached at (877) 461-1899. This direct line is a resource for investors seeking more detailed information about the Fund and its operations.
Frequently Asked Questions
What is the main purpose of the credit facility amendment for the Fund?
The amendment aims to increase the available debt financing to better align with the Fund's current asset levels, enhancing financial flexibility.
How much has the lender's commitment increased?
The lender's total commitment has increased from $125 million to $150 million.
When was Neuberger Berman founded?
Neuberger Berman was founded in 1939 and has grown to become a major player in investment management.
What types of assets does Neuberger Berman manage?
Neuberger Berman manages equities, fixed income, private equity, real estate, and hedge fund portfolios.
Why is Neuberger Berman recognized in the industry?
Neuberger Berman has been recognized for its workplace culture and commitment to sustainability in investment management.
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