(Alliance News) - Riverstone Credit Opportunities Income PLC on Tuesday said it has realised an investment to secure a new opportunity.
The investment company said it has disposed of its lien commitment with project Shiner, receiving USD4.9 million, which represented an internal rate return of a 49%.
In the meantime, Riverstone said it has purchased a term loan of project Beach II, which has a stated maturity of June this year.
Looking ahead, the company said it continues to actively evaluate a pipeline of additional transactions.
Riverstone shares were trading 2.1% lower in London on Tuesday at USD0.93 each.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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Riverstone Cred (RCOI)