NEUBERGER ENERGY INFRASTRUCTURE AND INCOME FUND ANNOUNCES AMENDMENT TO LEVERAGE FACILITY

Neuberger Energy Infrastructure and Income Fund (NYSE American:NML) amended its revolving credit facility to adjust leverage and term.

Rhea-AI Summary

Neuberger Energy Infrastructure and Income Fund (NYSE American:NML) amended its revolving credit facility to adjust leverage and term. The change increases the lender's total commitment from $150 million to $175 million and extends the Facility's duration to better match the Fund's current asset level.

Positive

• Revolving credit facility commitment increased from $150 million to $175 million
• Leverage facility sized to be more in line with current asset level
• Duration of the revolving credit facility has been extended

Negative

• Higher facility size allows greater use of debt financing and leverage

Key Figures

Credit facility commitment (prior): $150 million Credit facility commitment (amended): $175 million Loans payable: $130.5 million +5 more

Credit facility commitment (prior)

$150 million

Revolving credit facility before amendment

Credit facility commitment (amended)

$175 million

Revolving credit facility after amendment

Loans payable

$130.5 million

Outstanding under facility as of Nov 30, 2025

Average interest rate

5.26%

Average rate on revolving credit facility over fiscal year

Net assets

$550.5 million

Net assets as of Nov 30, 2025

New monthly distribution

$0.07008 per share

Raised rate announced Mar 26, 2026

Prior monthly distribution

$0.0584 per share

Previous recurring distribution level before increase

Annualized distribution

$0.84096 per share

Annualized rate at new monthly distribution level

Historical Context

5 past events · Latest: Apr 30

5 events

1. Apr 30

   Monthly distribution

   24h Move

   -1.1%

   Announced regular monthly cash distribution at fixed per-share rate.

2. Mar 26

   Distribution increase

   24h Move

   +1.7%

   Raised monthly distribution and detailed new annualized payout metrics.

3. Feb 27

   Monthly distribution

   24h Move

   +1.3%

   Declared monthly distribution and reiterated fixed-rate policy and tax notes.

4. Jan 30

   Monthly distribution

   24h Move

   -3.0%

   Confirmed monthly payout and potential return-of-capital component.

5. Dec 31

   Monthly distribution

   24h Move

   +0.7%

   Declared January distribution and highlighted tax and basis implications.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

revolving credit facility, debt financing, leverage

3 terms

revolving credit facility financial

"it has amended its revolving credit facility (the "Facility")"

A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.

debt financing financial

"to increase the amount of available debt financing so that it is more in line"

Debt financing is the process of raising money by borrowing it from lenders, which must be paid back over time with interest. It is like taking a loan to fund a project or investment, allowing a business or individual to access funds immediately while agreeing to repay the amount borrowed later. For investors, understanding debt financing helps assess how a company funds its operations and manages financial risk.

leverage financial

"ANNOUNCES AMENDMENT TO LEVERAGE FACILITY"

Leverage is the use of borrowed money or other financial tools to try to amplify the returns from an investment, like using a crowbar to move a heavier rock than you could with your hands. It can boost gains when things go well but also magnifies losses and the chances of running into trouble if income or asset values fall, so investors watch leverage to judge both growth potential and financial risk.

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NEW YORK, May 14, 2026 /PRNewswire/ -- Neuberger Energy Infrastructure and Income Fund Inc. (NYSE American: NML) (the "Fund") has announced today that it has amended its revolving credit facility (the "Facility") to increase the amount of available debt financing so that it is more in line with the Fund's current asset level and to extend the duration of the Facility. Under the amended terms of the Facility, the lender's total commitment increased from $150 million to $175 million.

About Neuberger

Neuberger is an employee-owned, private, independent investment manager founded in 1939 with approximately 3,000 employees across 26 countries. The firm manages $567 billion of equities, fixed income, private markets, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger's investment philosophy is founded on active management, fundamental research and engaged ownership. The firm is proud to be recognized for its commitment to its two constituents, clients and employees. Again in 2025, we were named Best Asset Manager for Institutional Investors in the US (Crisil Coalition Greenwich) and the #1 Best Place to Work in Money Management (Pensions & Investments, firms with more than 1,000 employees). Neuberger has no corporate parent or unaffiliated external shareholders. Visit www.nb.com for more information, including www.nb.com/disclosure-global-communications for information on awards. Data as of March 31, 2026.

Statements made in this release that look forward in time involve risks and uncertainties. Such risks and uncertainties include, without limitation, the adverse effect from a decline in the securities markets or a decline in the Fund's performance, a general downturn in the economy, competition from other closed end investment companies, changes in government policy or regulation, inability of the Fund's investment adviser to attract or retain key employees, inability of the Fund to implement its investment strategy, inability of the Fund to manage rapid expansion and unforeseen costs and other effects related to legal proceedings or investigations of governmental and self-regulatory organizations.

Contact:
Neuberger Berman Investment Advisers LLC
Investor Information
(877) 461-1899

View original content to download multimedia:https://www.prnewswire.com/news-releases/neuberger-energy-infrastructure-and-income-fund-announces-amendment-to-leverage-facility-302772914.html

SOURCE Neuberger Berman

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Neuberger Energy Infrastructure and Income Fund (NML) announce on May 14, 2026?

Neuberger Energy Infrastructure and Income Fund (NML) announced an amendment to its revolving credit facility. According to the Fund, the changes increase available debt financing and extend the Facility’s duration to better align with its current asset level.

How much did NML increase its revolving credit facility commitment in the 2026 amendment?

NML increased its revolving credit facility lender commitment from $150 million to $175 million. According to the Fund, this amendment raises available debt financing so the Facility more closely matches the Fund’s current asset base and leverage needs.

Why did Neuberger Energy Infrastructure and Income Fund (NML) amend its leverage facility?

NML amended its leverage facility to better align debt financing with its asset level. According to the Fund, the revised revolving credit facility increases total commitment to $175 million and extends duration, supporting its current portfolio size and structure.

What is the impact of the leverage facility amendment on NML’s borrowing capacity?

The amendment increases NML’s maximum borrowing capacity under its revolving credit facility. According to the Fund, the lender’s total commitment rose from $150 million to $175 million, providing more available debt financing in line with its current asset level.

Did NML extend the duration of its revolving credit facility in 2026?

Yes, NML extended the duration of its revolving credit facility as part of the amendment. According to the Fund, the Facility’s term was lengthened while also increasing the lender’s total commitment to $175 million from the previous $150 million.

How might the amended leverage facility affect NML shareholders?

The amendment provides NML with higher potential leverage through a larger credit facility. According to the Fund, available debt financing increased to a $175 million commitment, which can influence portfolio strategy, risk profile, and income generation for shareholders.