Portfolio Update

RNS Number : 4918L

Riverstone Credit Opps. Inc PLC

16 May 2022

 

Riverstone Credit Opportunities   Income   Plc

 

Portfolio Update

 

London, UK 16 May 2022:  Riverstone Credit Opportunities Income Plc ("RCOI" or the "Company") has announced the successful upsize of the following investment: 

§ Streamline Innovations, Inc.- On 23 November 2021, 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.  On 10^th May 2022, RCOI participated in a $25.0 million upsize of the investment, which now qualifies as a green loan, bringing the total loan size to $45.0 million and the total committed by RCOI to $13.8 million. As part of the upsize, Sustainable Fitch provided a Second Party Opinion ("SPO") on the green loan to Streamline. The SPO verifies the Term Loan's alignment to the LSTA Green Loan Principles with the transaction being compliant with the four pillars of the LSTA Green Loan Principles and aligned with the LSTA category of pollution and prevention.

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 also lends to 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/ .

Neither the contents of RCOI's website nor the contents of anywebsite accessible fromhyperlinkson the websites(oranyotherwebsite) is incorporated into, or forms partof, this announcement.

Media Contacts

 

For Riverstone Credit Opportunities Income Plc:

Adam Weiss

[phone]

 

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