Riverstone Credit Opps. Inc PLC Portfolio Update (7986I)
April 21 2022 - 2:01AM
UK Regulatory
TIDMRCOI
RNS Number : 7986I
Riverstone Credit Opps. Inc PLC
21 April 2022
Riverstone Credit Opportunities Income Plc
Portfolio Update
London, UK 21 April 2022: Riverstone Credit Opportunities Income
Plc ("RCOI" or the "Company") has announced the successful
realisation of the following investment:
-- Project Baxter Realisation - On 16 April 2021, RCOI committed
$6.8 million for a first lien delayed-draw term loan to a
lithium-ion battery company that will commercialize high performing
lithium-ion batteries by developing a large-scale manufacturing
facility in Endicott, NY . On 14 April 2022, the Company fully
refinanced this loan with a new source of financing, resulting in a
32.5 percent realised IRR and 1.25x realised MOIC. Additionally,
the Company will retain our non-dilutable equity warrants which
provides meaningful upside to this investment. This realisation
represents the second exit of a green loan in the portfolio. 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/ .
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
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 or visit 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.
END
PFUSEDFISEESEDL
(END) Dow Jones Newswires
April 21, 2022 02:01 ET (06:01 GMT)
Riverstone Credit Opport... (LSE:RCOI)
Historical Stock Chart
From Jun 2024 to Jul 2024
Riverstone Credit Opport... (LSE:RCOI)
Historical Stock Chart
From Jul 2023 to Jul 2024