REG - Riverstone Credit - Portfolio Update

Riverstone Credit Opportunities IncomeAnnouncement

01/09/2021 07:05

RNS Number : 2682K
  
Riverstone Credit Opps. Inc PLC
  
01 September 2021
  
 

Riverstone Credit Opportunities Income Plc 
 
Portfolio Update
 
London, UK 1 September 2021: Riverstone Credit Opportunities Income Plc ("RCOI" or the "Company") has announced it has originated one new investment: 
§ Project Sphere - RCOI participated in a $100.0 million first lien green term loan to a sponsor-backed recycler of low-density polyethylene ("LDPE") for use in food-grade packaging, injection molding applications, bags, films and other high-end products. At closing on 23 August 2021, $12.5 million was invested by RCOI. The term loan has a maturity of August 2024 and an expected all-in yield to maturity of 13.5%.  
The term loan is RCP and RCOI's first investment documented as a "green loan" per LSTA guidelines, with use of proceeds tied to specific green initiatives and carefully tracked to ensure compliance. RCP and RCOI intend to use similar lending structures for qualifying companies going forward. More information on the Green Loan Principles (GLP) can be found in the link below: https://www.lsta.org/content/green-loan-principles/
 
About Riverstone Credit Opportunities Income Plc:
 
RCOI seeks to generate consistent Shareholder returns predominantly in the form of income distributions, principally by making senior secured loans to energy-related companies. We lend to companies working to drive change and deliver solutions across the energy sector, spanning renewable as well as conventional sources, with a primary focus on infrastructure assets. Our aim is to build a portfolio that generates an attractive and consistent risk adjusted return for our investors.
 
For further details, see 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:
 
Jingcai Zhu
+1 212 271 6261
 

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