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Investment Realised in Streamline Innovation

21st Jul 2025 07:00

RNS Number : 7716R
Riverstone Credit Opps. Inc PLC
21 July 2025
 

21 July 2025

Riverstone Credit Opportunities Income Plc

Successful Realisation of Investment in Streamline Innovations

Riverstone Credit Opportunities Income ("RCOI" or the "Company"), the LSE-listed energy infrastructure and energy-transition credit investor, is pleased to announce the successful realisation of its first lien green loan in Streamline Innovations (or "Streamline") at a 20 percent gross IRR (15 percent net IRR) and 1.33x gross MOIC (1.25x net MOIC).

In July 2023, RCOI committed $9.9 million in a first lien green loan to Streamline, a leader in environmentally-advanced treatment solutions for the removal of hydrogen sulfide (H2S) from energy, renewable fuels, wastewater, and industrial processes. This investment followed the successful realisation of RCOI's initial November 2021 investment in Streamline, in which RCOI committed $13.8 million in a first lien green loan and achieved a 24 percent gross IRR (19 percent net IRR) and a 1.3x gross MOIC (1.2x net MOIC).

The Company remains focused on the realisation of RCOI's assets and returning capital to shareholders. Since the Company's AGM on 22 May 2024 and adoption of the Wind-down Investment Policy, the Company has redeemed approximately 41 per cent of the Company's Ordinary Shares with 49,066,161 Ordinary Shares outstanding following the most recent redemption on 27 June 2025. Following this Realisation, the Company's portfolio is comprised of six remaining positions. Furthermore, the Company has an estimated unencumbered cash and cash equivalents position of approximately $4.8 million.

 

For Riverstone Credit Opportunities Income Plc:

Adam Weiss

Tel: +1 212 271 2953

Media Contacts:

Buchanan

 

Helen Tarbet

Henry Wilson

Verity Parker

Tel: +44 (0) 20 7466 5109

Tel: +44 (0) 20 7466 5111

Tel: +44 (0) 20 7466 5197

Email: [email protected]

 

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.

As previously announced, on January 2, Riverstone Holdings LLC, and their affiliate Riverstone Investment Group (collectively, "Riverstone") entered into a sub management agreement for RCOI with Breakwall Capital LP. Breakwall is an independent asset manager regulated by the SEC as a Registered Investment Advisor. It is owned and operated by the former members of the Riverstone Credit Partners team.

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.

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