REG - Riverstone Credit - Portfolio Update

Riverstone Credit Opportunities IncomeAnnouncement

21/04/2022 07:00

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RNS Number : 7986I  Riverstone Credit Opps. Inc PLC  21 April 2022

Riverstone Credit Opportunities Income Plc
 
Portfolio Update
 

London, UK 21 April 2022: Riverstone Credit Opportunities Income Plc ("RCOI"
or the "Company") has announced the successful realisation of the following
investment:

§ Project Baxter Realisation - On 16 April 2021, RCOI committed $6.8 million
for a first lien delayed-draw term loan to a lithium-ion battery company that
will commercialize high performing lithium-ion batteries by developing a
large-scale manufacturing facility in Endicott, NY. On 14 April 2022, the
Company fully refinanced this loan with a new source of financing, resulting
in a 32.5 percent realised IRR and 1.25x realised MOIC. Additionally, the
Company will retain our non-dilutable equity warrants which provides
meaningful upside to this investment. This realisation represents the second
exit of a green loan in the portfolio. 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/
(https://www.riverstonecoi.com/) .

 

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.

 

Media Contacts
 

For Riverstone Credit Opportunities Income Plc:

 

Adam Weiss

+1 212 271 2953

 

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