Riverstone Credit Opportunities Inc PLC - London-based energy infrastructure and energy transition credit investor - Announces a successful amendment and extension of the company’s investment in Streamline Innovations, a leader in environmentally-advanced treatment solutions. Realises around $2.0 of profit at closing of the amendment and extension resulting in a 24% gross internal rate of return and a 1.3x gross multiple on invested capital on the initial investment.
As part of this amendment and extension closing, the facility available to Streamline Innovations was upsized to $55.0 million. The maturity was extended to December 2026, and economic terms have been adjusted for an estimated all-in yield to maturity of 13% to RCOI. As part of the amendment, RCOI’s allocation to the loan was reduced to $9.9 million from $13.8 million.
Current stock price: $0.86
12-month change: down 2.3%
Copyright 2023 Alliance News Ltd. All Rights Reserved.
