Riverstone Credit Opps. Inc PLC Portfolio Update (2682K)
01 Septiembre 2021 - 01:00AM
UK Regulatory
TIDMRCOI
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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