Neuberger Berman increases credit facility commitments to $75 million

Chicago, March 31 – Neuberger Berman MLP and Energy Income Fund Inc. announced that it has increased its credit facility to $75 million from $50 million, according to a press release.

Additionally, under the amended terms of the agreement the commitment fee and spread component of the interest rate were lowered. The maturity date of the facility was also extended.

Neuberger Berman is a New York-based investment manager. The fund was previously known as Neuberger Berman MLP Income Fund Inc.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.