Neuberger High Yield Strategies Fund lifts revolving loan facility by $25 million to $135 million

Reuters2026/08/27 10:34

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Neuberger Berman High Yield Strategies Fund outlined plans to expand leverage via an amended revolving debt financing facility with an unaffiliated bank.
Committed capacity under the Revolving Loan Facility set to rise by USD 25 million to USD 135 million, subject to closing conditions.
Fund also expects to issue USD 10 million of additional Mandatory Redeemable Preferred Shares, Series D, lifting Series D outstanding to USD 50 million.
Transactions targeted within the next week; leverage increase aimed at aligning borrowing capacity with a larger asset base post rights offering.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Neuberger Berman High Yield Strategies Fund Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: NY34672) on August 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Neuberger High Yield Strategies Fund lifts revolving loan facility by $25 million to $135 million

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