REG - Riverstone Credit - Successful Realisation of Roaring Fork Loan

Riverstone Credit Opportunities IncomeAnnouncement

30/06/2022 07:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220630:nRSd7268Qa&default-theme=true

RNS Number : 7268Q  Riverstone Credit Opps. Inc PLC  30 June 2022

 

30 June 2022

Riverstone Credit Opportunities Income Plc

Successful Realisation of Roaring Fork Loan at 21.3 percent IRR

Highly Attractive Realisation of Infrastructure Loan

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 investment in Roaring
Fork Midstream at a 21.3 percent realised IRR and 1.16x realised MOIC.

In March 2021, RCOI committed $5.9 million for a first lien delayed-draw term
loan to sponsor-backed Roaring Fork Midstream, a company which owns and
operates pipeline and storage related infrastructure moving natural gas and
oil from the wellhead to market.

On 28 June 2022, Roaring Fork fully refinanced this loan with a new source of
financing, resulting in a 21.3 percent realised IRR and 1.16x realised MOIC
for RCOI investors. This capital will now be re-deployed in RCOI's attractive
pipeline of infrastructure and energy-transition credit opportunities, and
green or sustainability-linked loan structures will be prioritized.

Jamie Brodsky, Co-Head of Riverstone Credit, the Company's Investment Manager
said:

"The realisation of our investment in Roaring Fork marks the third successful
financing and realisation for the same sponsor across three different
companies, demonstrating our partnership model and the highly attractive
nature of our approach to facilitating the buildout of developing assets.
Alongside recent investments in Streamline, Harland & Wolff and Circulus,
amongst others, this financing highlights our capacity to lend across a
diverse subset of companies in the energy transition and decarbonisation value
chain."

For Riverstone Credit Opportunities Income Plc:

Adam
Weiss
+1 212 271 2953

Media Contacts:
 Buchanan
 Helen Tarbet    Tel: +44 (0) 20 7466 5109
 Henry Wilson    Tel: +44 (0) 20 7466 5111
 Jon Krinks      Tel: +44 (0) 20 7466 5199
 Verity Parker   Tel: +44 (0) 20 7466 5197
                 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.

 

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.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  PFUUKORRUVUNUUR