Source: Sharecast

RNS Number : 7715R

Riverstone Credit Opps. Inc PLC

21 July 2025

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

Riverstone Credit Opportunities Income

Investment and Quarterly Update

Riverstone Credit Opportunities Income ("RCOI" or the "Company"), the LSE-listed energy infrastructure and energy-transition credit investor, announces its portfolio performance for the quarter ended 30 June 2025.

Portfolio Highlights

NAV/share was $0.90 on 30 June 2025, a modest increase of $0.02/share over the quarter. The increase was driven by increased marks, extension fees and tax refunds in the Company's remaining loan investments.

· On 18 July 2025, the Company successfully realised its first lien green term loan with Streamline Innovations at a 20 percent gross IRR, a 15 percent net IRR, 1.33x gross MOIC and a 1.25x net MOIC.

· As announced on 23 May 2025, the Company also completed a Compulsory Redemption of Ordinary Shares during the period equal to approximately 28 per cent of the Company's Ordinary Shares in issue, representing material positive progress in the Company's adopted managed wind-down strategy.

· On 12 May 2025, the Company received $3.5 million cash payment from Harland & Wolff.

Portfolio Summary and Key Performance Indicators

· Portfolio of 100% floating rate, short duration, senior secured loans, from investing in companies engaged in driving forward the energy transition

· 31.5% NAV total return⁵ achieved since IPO in May 2019

· 38.9 cents in dividends paid since inception⁶

Cumulative Portfolio Summary

Unrealised Portfolio[1]

Investment Name	Subsector	Commitment Date	Cumulative Committed Capital ($mm)	Cumulative Invested Capital ($mm)	Gross Realised Capital ($mm)¹	Gross Unrealised Value ($mm)	Gross Realised Capital & Unrealised Value ($mm)	% of Par as of 30 Jun 2025²	% of Par as of 31 Mar 2025²	30 Jun 2025 Gross MOIC	30 Jun 2025 Net MOIC
Caliber Midstream³	Infrastructure	Aug-19	4.0	4.0	0.7	0.6	1.3	0.57⁴	0.51⁴	0.32x	0.08x
Imperium3NY LLC	Energy Transition	Apr-21	6.8	5.4	6.7	0.0	6.7	0.00⁴	0.01⁴	1.25x	1.07x

Harland & Wolff Group Holdings PLC	Infrastructure Services	Mar-22	14.6	14.6	5.6	4.9	10.5	4.90⁴	8.92⁴	0.72x	0.58x
Seawolf Water Resources	Services	Sept-22	9.0	9.0	2.5	11.1	13.6	11.11⁴	10.90⁴	1.51x	1.39x

Hoover Circular Solutions	Infrastructure Services	Nov-22	13.7	13.7	4.2	14.4	18.6	99.95%	99.88%	1.36x	1.25x
Max Midstream	Infrastructure	Dec-22	5.0	5.0	1.8	5.4	7.2	104.50%	104.30%	1.43x	1.33x
Streamline Innovations Inc.	Infrastructure Services	Jun-23	9.9	5.4	1.7	5.4	7.1	99.78%	100.67%	1.32x	1.24x
			$63.0	$57.1	$23.2	$41.9	$65.0			1.14x	1.01x

Realised Portfolio

Investment Name	Subsector	Commitment Date	Realisation Date	Cumulative Committed Capital ($mm)	Cumulative Invested Capital ($mm)	Gross Realised Capital ($mm)¹	30 Jun 2025 Gross MOIC	30 Jun 2025 Net MOIC
Rocky Creek Resources	Exploration & Production	Jun-19	Dec-19	6.0	4.3	4.9	1.15 x	1.13 x
CIG Logistics	Infrastructure Services	Jan-20	Jan-20	8.7	8.7	8.9	1.02 x	1.02 x
Mallard Exploration	Exploration & Production	Nov-19	Apr-20	13.8	6.8	7.7	1.13 x	1.12 x
Market Based	Multiple	Aug-20	Nov-20	13.4	13.4	13.6	1.01 x	1.00 x
Project Yellowstone	Infrastructure	Jun-19	Mar-21	5.8	5.8	7.2	1.23 x	1.16 x
Ascent Energy	Exploration & Production	Jun-19	Jun-21	13.3	13.3	16.1	1.21 x	1.13 x
Pursuit Oil & Gas	Exploration & Production	Jul-19	Jun-21	12.3	12.3	15	1.22 x	1.14 x
U.S. Shipping	Infrastructure Services	Feb-21	Aug-21	6.5	6.5	7.3	1.13 x	1.10 x
Aspen Power Partners	Infrastructure	Dec-20	Oct-21	6.9	3.4	4.3	1.27 x	1.24 x
Project Mariners	Infrastructure Services	Jul-19	Apr-22	13.2	13.2	17.6	1.33 x	1.21 x
Roaring Fork Midstream	Infrastructure	Mar-21	Jun-22	5.9	5.9	6.9	1.16 x	1.10 x
FS Crude, LLC	Infrastructure	Mar-20	Sept-22	13.7	13.7	16.9	1.23 x	1.12 x
EPIC Propane Pipeline, LP	Infrastructure	Dec-19	Sept-22	14.8	14.8	19.6	1.32 x	1.20 x
Circulus Holdings, PBLLC	Infrastructure	Aug-21	Oct-22	12.3	12.3	14.0	1.14 x	1.09 x
Hoover Circular Solutions	Infrastructure Services	Oct-20	Nov-22	15.4	15.4	17.0	1.10 x	1.01 x
Streamline Innovations Inc.	Infrastructure Services	Nov-21	Jun-23	13.8	6.9	8.9	1.29 x	1.22 x
Clean Energy Fuels Corp	Energy Transition	Dec-22	Dec-23	13.9	13.9	15.7	1.14 x	1.10 x
EPIC Propane Pipeline, LP	Infrastructure	Sept -22	Apr-24	13.9	13.9	17.2	1.24x	1.18x
Blackbuck Resources LLC	Infrastructure	Jun-21	Sept - 24	11.5	11.0	16.1	1.46x	1.33x
				$215.2	$195.5	$234.8	1.20x	1.13x

The Gross Realised Capital column includes interest, fee income, and principal received. The Gross Unrealised Value column includes the amortization of OID, accrued interest, fees and any unrealised change in the value of the investment.

For Riverstone Credit Opportunities Income Plc:

Adam Weiss

+1 212 271 2953

J.P. Morgan Cazenove (Corporate Broker)	+44 (0)20 7742 4000
William Simmonds
Jérémie Birnbaum
James Bouverat (Sales)

Media Contacts:

Burson 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: rcoi@buchanan.uk.com

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.

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.

1 Gross realised capital is total gross income realised on invested capital.

² Includes fair market value of equity and rights where applicable as a percentage of par.

³ Includes Caliber MFC LLC equity, Caliber Midstream Term Loan & Priming Facility.

⁴ Reflects the total fair market value in millions.

⁵ NAV total return equals cumulative paid dividend cents per share and NAV per share as of 30 June 2025 divided by the opening capital net of share issuance costs as of 28 May 2019.

⁶ Reflects cumulative dividend cents per share declared as of 30 June 2025 and paid as of 30 June 2025.

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END

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Investment and Quarterly Update.