Riverstone Credit Opps. Inc PLC Portfolio Update (9424J)
May 03 2022 - 2:01AM
UK Regulatory
TIDMRCOI
RNS Number : 9424J
Riverstone Credit Opps. Inc PLC
03 May 2022
Riverstone Credit Opportunities Income Plc
Portfolio Update
London, UK 3 May 2022: Riverstone Credit Opportunities Income
Plc ("RCOI" or the "Company") has announced the successful
realisation of the following investment:
-- Project Mariners Realisation - On 11 July 2019, RCOI
participated in a $140.0 million first lien term loan for a
privately-held company that provides vessel and logistic services
including cargo handling and towing, as well as tugboat, ship
assist, and escort services predominantly focused on the energy
sector. At initial closing, $14.9 million was committed by RCOI. On
28 April 2022, the Company fully refinanced this loan with a new
source of financing, resulting in a 14.5 percent realised IRR and
1.34x realised MOIC. 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
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END
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