Riverstone Credit Opps. Inc PLC Portfolio Update (4918L)
May 16 2022 - 1:01AM
UK Regulatory
TIDMRCOI
RNS Number : 4918L
Riverstone Credit Opps. Inc PLC
16 May 2022
Riverstone Credit Opportunities Income Plc
Portfolio Update
London, UK 16 May 2022: Riverstone Credit Opportunities Income
Plc ("RCOI" or the "Company") has announced the successful upsize
of the following investment:
-- Streamline Innovations, Inc.- On 23 November 2021, 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. On 10(th) May 2022, RCOI participated in a $25.0 million
upsize of the investment, which now qualifies as a green loan,
bringing the total loan size to $45.0 million and the total
committed by RCOI to $13.8 million. As part of the upsize,
Sustainable Fitch provided a Second Party Opinion ("SPO") on the
green loan to Streamline. The SPO verifies the Term Loan's
alignment to the LSTA Green Loan Principles with the transaction
being compliant with the four pillars of the LSTA Green Loan
Principles and aligned with the LSTA category of pollution and
prevention.
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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