Riverstone Credit Opportunities Inc PLC - London-based energy infrastructure and energy transition credit investor - Announces a successful amendment and extension of the company's investment in Streamline Innovations, a leader in environmentally-advanced treatment solutions. Realises around USD2.0 of profit at closing of the amendment and extension resulting in a 24% gross internal rate of return and a 1.3x gross multiple on invested capital on the initial investment.
As part of this amendment and extension closing, the facility available to Streamline Innovations was upsized to USD55.0 million. The maturity was extended to December 2026, and economic terms have been adjusted for an estimated all-in yield to maturity of 13% to RCOI. As part of the amendment, RCOI's allocation to the loan was reduced to USD9.9 million from USD13.8 million.
Current stock price: USD0.86
12-month change: down 2.3%
By Jeremy Cutler, Alliance News reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2023 Alliance News Ltd. All Rights Reserved.
Riverstone Cred (RCOI)