Riverstone Credit Opps. Inc PLC Portfolio Update (2649U)
02 Diciembre 2021 - 1:00AM
UK Regulatory
TIDMRCOI
RNS Number : 2649U
Riverstone Credit Opps. Inc PLC
02 December 2021
Riverstone Credit Opportunities Income Plc
Portfolio Update
London, UK 2 December 2021: Riverstone Credit Opportunities
Income Plc ("RCOI" or the "Company") has announced it has
originated one new investment:
-- Streamline Innovations, Inc.- RCOI participated in a $20.0
million first lien delayed-draw term loan to a sponsor-backed
leader in environmentally-advanced treatment solutions and
equipment for hydrogen sulfide (H(2) S) in energy, renewable fuels,
wastewater, landfill gas, biogas, and industrial processes. At
closing on 23 November 2021, $6.8 million was committed by RCOI and
$1.6 million was drawn at closing.
The first lien term loan has a maturity of November 2024 and an
estimated all-in yield to maturity of 11.1 percent for RCOI on a
fully-drawn basis. The term loan is structured as a
sustainability-linked loan, whereby the loan pricing steps up
unless a sustainability target is met that is tied to new
construction of H(2) S treating plants, which eliminate poisonous
H(2) S gas and reduce toxic sulfur dioxide (SO(2) ) emissions by
eliminating routine flaring.
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 small and middle-market energy
companies, which span conventional energy as well as low carbon and
renewable sources. The investment strategy is predicated on
asset-based lending, with conservative loan-to-value ratios and
structural protective features to mitigate risk. The Company will
invest broadly across energy subsectors globally, with a primary
focus on infrastructure businesses and going forward those with
de-carbonization strategies in North America. RCOI's goal is to
create a diversified portfolio across basins, commodities,
technologies and end-markets to provide natural synergies and
hedges with the aim of delivering enhanced overall stability across
the portfolio.
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
PFUFSSFIFEFSEFE
(END) Dow Jones Newswires
December 02, 2021 02:00 ET (07:00 GMT)
Riverstone Credit Opport... (LSE:RCOI)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Riverstone Credit Opport... (LSE:RCOI)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024