Riverstone Cred Regulatory News (RCOI)

9 December 2022

Riverstone Credit Opportunities Income Plc

Successful Closing of Revolving Credit Facility

Riverstone Credit Opportunities Income ("RCOI"), the LSE-listed energy infrastructure and energy-transition credit investor, is pleased to announce the closing of a $15.0 million senior secured revolving credit facility ("RCF") on 7 December 2022. RCOI believes the RCF will enable the Company to deploy an increased quantity of capital to its attractive pipeline of sustainability-linked and green loan opportunities, thereby increasing the earnings power of the portfolio. The facility is expected to enable RCOI to enter new commitments ahead of anticipated realisations, enabling the fund to minimise the drag on returns of uninvested capital. The RCF was provided by funds advised by BC Partners Credit, an international investment firm, and bears an interest rate of SOFR+650 with a minimum return threshold of 1.1x. The average interest rate across RCOI's investment portfolio is SOFR+800 with an average gross and net IRR on exit of 17.2% and 13.5%, respectively1.

Christopher Abbate, Managing Director of Riverstone Credit, the Company's Investment Manager said:

"We believe the RCF will provide RCOI with significant flexibility in managing the challenges posed by our ample pipeline of investment opportunities and our short duration lending model. It is envisaged that the RCF will enable the Company to maintain full investment for longer while also amplifying portfolio returns, meaning the financial benefits of the RCF will far exceed facility costs. We are excited to put this additional capital to work on our near term pipeline for the benefit of RCOI's shareholders."

For Riverstone Credit Opportunities Income Plc:

Adam Weiss +1 212 271 2953

Media Contacts:

For BC Partners:

Simren Priestley Tel: +44 (0) 20 7009 4722

Email: simren.priestley@bcpartners.com

About Riverstone Credit Opportunities Income Plc:

RCOI lends to companies that build and operate the infrastructure used to generate, transport, store and distribute both renewable and conventional sources of energy, and companies that provide services to that infrastructure. RCOI is strategically repositioning towards companies seeking to facilitate the energy transition by decarbonizing the energy, industrial and agricultural sectors, building sustainable infrastructure and reducing or sequestering carbon emissions. The Company seeks to ensure that its investments are having a positive impact on climate change by structuring each deal as either a green loan or a sustainability-linked loan, documented using industry best practices.

For further details, see https://www.riverstonecoi.com/.

About BC Partners Credit:

BC Partners Credit was launched in February 2017 and has pursued a strategy focused on identifying attractive credit opportunities in any market environment. The platform leverages the broader firm's deep industry and operating resources to provide flexible financing solutions to middle-market companies, often in more complex and less competitive market segments.

 For further information, please visit https://www.bcpartners.com/credit-strategy/.

Neither the contents of RCOI's website nor the contents of any website accessible from hyperlinks on the websites (or any other website) is incorporated into, or forms part of, this announcement.

1. The Synthetic Net IRR / MOICs are derived by allocating inception to date fund expenses and fees by deal for each respective fund pro-rata based on cumulative invested capital and allocating inception to date carried interest (accrued and realized) by deal for each respective fund pro-rata based on total cumulative gains (realized and unrealized) as of the reporting date and are included in the terminal value as of September 30, 2022.