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Pin to quick picksRiverstone Cred Regulatory News (RCOI)

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Market Cap: $27.61m
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Portfolio Update

2 Dec 2021 07:00

RNS Number : 2649U
Riverstone Credit Opps. Inc PLC
02 December 2021
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Riverstone Credit Opportunities IncomeΒ Plc

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Portfolio Update

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London, UK 2 December 2021: Riverstone Credit Opportunities Income Plc ("RCOI" or the "Company") has announced it has originated one new investment:

Β§ Streamline Innovations, Inc.- RCOI participated in a $20.0 million first lien delayed-draw term loan to a sponsor-backed leader in environmentally-advanced treatment solutions and equipment for hydrogen sulfide (H2S) in energy, renewable fuels, wastewater, landfill gas, biogas, and industrial processes. At closing on 23 November 2021, $6.8 million was committed by RCOI and $1.6 million was drawn at closing.

The first lien term loan has a maturity of November 2024 and an estimated all-in yield to maturity of 11.1 percent for RCOI on a fully-drawn basis. The term loan is structured as a sustainability-linked loan, whereby the loan pricing steps up unless a sustainability target is met that is tied to new construction of H2S treating plants, which eliminate poisonous H2S gas and reduce toxic sulfur dioxide (SO2) emissions by eliminating routine flaring.

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About Riverstone Credit OpportunitiesΒ IncomeΒ Plc:

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RCOI seeks to generate consistent Shareholder returns predominantly in the form of income distributions, principally by making senior secured loans to small and middle-market energy companies, which span conventional energy as well as low carbon and renewable sources. The investment strategy is predicated on asset-based lending, with conservative loan-to-value ratios and structural protective features to mitigate risk. The Company will invest broadly across energy subsectors globally, with a primary focus on infrastructure businesses and going forward those with de-carbonization strategies in North America. RCOI's goal is to create a diversified portfolio across basins, commodities, technologies and end-markets to provide natural synergies and hedges with the aim of delivering enhanced overall stability across the portfolio.

For furtherΒ details,Β seeΒ https://www.riverstonecoi.com/.

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NeitherΒ theΒ contents ofΒ RCOI'sΒ websiteΒ norΒ theΒ contents ofΒ anyΒ websiteΒ accessibleΒ fromΒ hyperlinksΒ onΒ theΒ websitesΒ (orΒ anyΒ otherΒ website)Β isΒ incorporatedΒ into, orΒ formsΒ partΒ of,Β thisΒ announcement.

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MediaΒ Contacts

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ForΒ Riverstone Credit OpportunitiesΒ IncomeΒ Plc:

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Adam Weiss

+1 212 271 2953

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