Riverstone Credit Opportunities Income ("RCOI"), announced the closing of a $15.0 million senior secured revolving credit facility ("RCF") on 7 December 2022. RCOI believes the RCF will enable the Company to deploy an increased quantity of capital to its attractive pipeline of sustainability-linked and green loan opportunities, thereby increasing the earnings power of the portfolio. The facility is expected to enable RCOI to enter new commitments ahead of anticipated realisations, enabling the fund to minimise the drag on returns of uninvested capital.

The RCF was provided by funds advised by BC Partners Credit, an international investment firm, and bears an interest rate of SOFR+650 with a minimum return threshold of 1.1x. The average interest rate across RCOI's investment portfolio is SOFR+800 with an average gross and net IRR on exit of 17.2% and 13.5%, respectively.