REG - Riverstone Credit - Successful Realisation of Investment in Max Energy

Riverstone Credit Opportunities IncomeAnnouncement

11/09/2025 07:00

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RNS Number : 9408Y  Riverstone Credit Opps. Inc PLC  11 September 2025

11 September 2025

Riverstone Credit Opportunities Income Plc

Successful Realisation of Investment in Max Energy

Riverstone Credit Opportunities Income ("RCOI" or the "Company"), the
LSE-listed energy infrastructure and energy-transition credit investor, is
pleased to announce the successful realisation of its sustainability-linked
term loan to Max Energy Industrial Holdings US LLC ("Max Energy") at a 19 per
cent gross IRR (15 per cent net IRR) and 1.49x gross MOIC (1.39x net MOIC).

In December 2022, RCOI committed $5.0 million in a first lien
sustainability-linked loan to Max Energy. Max Energy is developing the first
carbon-neutral crude oil export terminal on the Gulf Coast of Texas. As at 30
June 2025, the loan to Max Energy reflected 11.3 per cent of RCOI's overall
commitments.

The Company remains focused on the realisation of RCOI's remaining assets and
returning capital to shareholders. Since the Company's AGM on 22 May 2024 and
adoption of the Wind-down Investment Policy, the Company has redeemed
approximately 41 per cent of the Company's Ordinary Shares with 49,066,161
Ordinary Shares outstanding following the most recent redemption on 27 June
2025.

Following this realisation, the Company's portfolio is comprised of five
remaining positions. Furthermore, the Company has an estimated unencumbered
cash and cash equivalents position of approximately $10.9 million.

 

For Riverstone Credit Opportunities Income Plc:

 Adam Weiss  Tel: +1 212 271 2953

Media Contacts:
 Buchanan
 Helen Tarbet     Tel: +44 (0) 20 7466 5109
 Henry Wilson     Tel: +44 (0) 20 7466 5111
 Nick Croysdill   Tel: +44 (0) 20 7466 5162
                  Email:
                  rcoi@buchanan.uk.com (mailto:rcoi@buchanan.uk.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.

As previously announced, on January 2, Riverstone Holdings LLC, and their
affiliate Riverstone Investment Group (collectively, "Riverstone") entered
into a sub management agreement for RCOI with Breakwall Capital LP.
Breakwall is an independent asset manager regulated by the SEC as a Registered
Investment Advisor. It is owned and operated by the former members of the
Riverstone Credit Partners team.

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) are
incorporated into, or forms part of, this announcement.

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