Portfolio Update

RNS Number : 9424J

Riverstone Credit Opps. Inc PLC

03 May 2022

 

Riverstone Credit Opportunities   Income   Plc

 

Portfolio Update

 

London, UK 3 May 2022:  Riverstone Credit Opportunities Income Plc ("RCOI" or the "Company") has announced the successful realisation of the following investment: 

§ Project Mariners Realisation -  On 11 July 2019, RCOI participated in a $140.0 million first lien term loan for a privately-held company that provides vessel and logistic services including cargo handling and towing, as well as tugboat, ship assist, and escort services predominantly focused on the energy sector. At initial closing, $14.9 million was committed by RCOI. On 28 April 2022, the Company fully refinanced this loan with a new source of financing, resulting in  a 14.5 percent realised IRR and 1.34x realised MOIC. The Company is rapidly working to redeploy available capital into a pipeline of new opportunities in the infrastructure, infrastructure services and energy transition sectors.

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 any website accessible fromhyperlinkson the websites (or any other website) is incorporated into, or forms partof, this announcement.

Media Contacts

 

For   Riverstone Credit Opportunities Income   Plc:

Adam Weiss

[phone]

 

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