Riverstone Credit Opps. Inc PLC Portfolio Update (1122R)
November 03 2021 - 2:00AM
UK Regulatory
TIDMRCOI
RNS Number : 1122R
Riverstone Credit Opps. Inc PLC
03 November 2021
Riverstone Credit Opportunities Income Plc
Portfolio Update
London, UK 3 November 2021: Riverstone Credit Opportunities
Income Plc ("RCOI" or the "Company") has announced the successful
realisation of the following investment:
-- Project Mirror Realisation - On 28 December 2020, RCOI
committed $6.9 million to a first-lien community solar development
company. On 29 October 2021, the Company fully refinanced this loan
with a new source of financing, resulting in a 36.0 percent
realised IRR and 1.27x realised MOIC. This realisation represents
the first exit of a green loan in the portfolio. This deal marks
the sixth realisation for RCOI since the beginning of the Covid
period, which on aggregate have produced cumulative returns of a
20.4 percent realised IRR and 1.20x 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 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
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END
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