RIVERSTONE CREDIT OPPORTUNITIES INCOME PLC

Regulatory Filings • Jun 28, 2021

National Storage Mechanism | Additional information

RNS Number : 2044D

Riverstone Credit Opps. Inc PLC

28 June 2021

Riverstone Credit Opportunities Income Plc

Portfolio Update

London, UK 28 June 2021: Riverstone Credit Opportunities Income Plc ("RCOI" or the "Company") has announced it has fully realised an investment: 

Realisations

§ Project Chase Realisation - In July 2019, RCOI committed $12.3 million to a sponsor-backed E&P company with operations focused in the dry gas window of the Eagle Ford Basin. 30% of the loan was paid down in April 2021, and on 25 June 2021, the remainder was fully realised. This resulted in 19.8 percent realised IRR and 1.22x realised MOIC.

Our go-forward strategy is to focus on infrastructure, infrastructure services as well as energy transition assets. Following the Project Chase realisation and the Project Alp realisation that closed on 21 June 2021, RCOI will have no E&P exposure.

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 intends to create a diversified portfolio across various energy subsectors, commodity exposures, technologies and end-markets to provide natural synergies that aim to enhance the overall stability of 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:

Jingcai Zhu

+1 212 271 6261

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