8 July 2022

Riverstone Credit Opportunities Income Plc

Successful Upsize of Loan to Blackbuck Resources

Riverstone Credit Opportunities Income ("RCOI" or the "Company"), the LSE-listed energy infrastructure and energy-transition credit investor, is pleased to announce the upsize of its investment in Blackbuck Resources ("Blackbuck"), a sponsor-backed infrastructure company focused on full-cycle water management solutions, including treatment, gathering, recycling, storage and disposal.

In June 2021, RCOI committed $9.9 million for a first lien sustainability-linked delayed-draw term loan to Blackbuck. On 30 June 2022, Blackbuck upsized the loan by $7.0 million, bringing the total facility to $57.0 million. In aggregate, $11.6 million is now committed by RCOI. The proceeds, along with incremental equity, will be used to fund growth capex associated with new contracts.

Sustainable Fitch, a division of Fitch Group focused on ESG, provided a Second Party Opinion ("SPO") on the sustainability-linked loan to Blackbuck. The SPO considers the loan to be aligned with the five pillars of the LSTA Sustainability-Linked Loan Principles.

Christopher Abbate at RCOI said:

"Blackbuck Resources is doing important work in helping its customers to reduce their carbon footprint by piping wastewater away for disposal and recycling, as opposed to trucking it.  In 2022 alone, Blackbuck is expected to get over 200,000 trucks off the road via their infrastructure. The upsize of our investment provides further demonstration of our ongoing strategic rebalancing towards loans focused on decarbonization of the energy business and construction of new sustainable infrastructure."

For Riverstone Credit Opportunities Income Plc:

Adam Weiss                                         +1 212 271 2953

Media Contacts:

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 is strategically repositioning towards 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.