9th Mar 2021 21:47
Riverstone Credit Opportunities Income PLC - closed-ended investment company based in London - Says it has made a new investment in Roaring Fork Midstream. Riverstone participated in a USD50.0 million first lien delayed-draw term loan to a "sponsor-backed midstream company" that owns and operates pipeline and storage related infrastructure moving natural gas and oil from the wellhead to market.
At closing on March 2, USD5.9 million was committed by Riverstone and USD1.5 million was drawn at closing. The first lien term loan has a maturity of March 2024 and an expected all-in yield to maturity of 11.8% for Riverstone on a fully-drawn basis.
Current stock price: 0.76 pence
Year-to-date change: up 10%.
By Arvind Bhunjun; [email protected]
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