REG - Riverstone Credit - Investment Realised in Streamline Innovation

Riverstone Credit Opportunities IncomeAnnouncement

Mon 07:00

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RNS Number : 7716R  Riverstone Credit Opps. Inc PLC  21 July 2025

21 July 2025

Riverstone Credit Opportunities Income Plc

Successful Realisation of Investment in Streamline Innovations

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 first lien green loan in
Streamline Innovations (or "Streamline") at a 20 percent gross IRR (15 percent
net IRR) and 1.33x gross MOIC (1.25x net MOIC).

In July 2023, RCOI committed $9.9 million in a first lien green loan to
Streamline, a leader in environmentally-advanced treatment solutions for the
removal of hydrogen sulfide (H2S) from energy, renewable fuels, wastewater,
and industrial processes. This investment followed the successful realisation
of RCOI's initial November 2021 investment in Streamline, in which RCOI
committed $13.8 million in a first lien green loan and achieved a 24 percent
gross IRR (19 percent net IRR) and a 1.3x gross MOIC (1.2x net MOIC).

The Company remains focused on the realisation of RCOI's 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 six remaining
positions. Furthermore, the Company has an estimated unencumbered cash and
cash equivalents position of approximately $4.8 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
 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.

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

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