Riverstone Credit Opportunities Income PLC - aims to generate returns by making loans to companies in energy sector - Announces upsize of investment in Blackbuck Resources, an infrastructure company focused on full-cycle water management services.
In June 2021, Riverstone first committed USD9.9 million for a sustainability-linked delayed-draw term loan to Blackbuck. On June 30, Blackbuck upsizes the loan by USD7.0 million, bringing the total facility to USD57.0 million.
As a result, Riverstone Credit has committed USD11.6 million to date.
"The upsize of our investment provides further demonstration of our ongoing strategic rebalancing towards loans focused on decarbonization of the energy business and construction of new sustainable infrastructure," Riverstone Credit stated.
Current stock price: USD0.90
12-month change: up 4.7%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Riverstone Cred (RCOI)