REG - Riverstone Credit - Portfolio Update

Riverstone Credit Opportunities IncomeAnnouncement

03/05/2022 07:00

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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/
(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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