Portfolio UpdateSource: RNS
Riverstone Credit Opportunities Income Plc
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 (H2S) in energy, renewable fuels, wastewater, landfill gas, biogas, and industrial processes. On 10th 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.
For Riverstone Credit Opportunities Income Plc:
+1 212 271 2953