Riverstone Credit Opportunities Income PLCLSE: RCOI

Riverstone Credit Opportunities Income: Hoover Realisation

· Issued by Riverstone Credit Opportunities Income PLC via RNS

Summary by 6ix AI

Riverstone Credit Opportunities Income Plc (RCOI), a London Stock Exchange-listed energy infrastructure and energy-transition credit investor that is winding down, has realised (exited) its term loan to Hoover Circular Solutions, a reusable packaging and logistics company.

Key details

  • The loan returned a 13 per cent gross IRR (internal rate of return, an annualised return measure) and a 1.49x gross MOIC (multiple on invested capital). Net figures were a 10 per cent IRR and 1.35x MOIC, stated as at 30 September 2026.
  • RCOI committed $13.7 million in a first lien loan (a loan with first claim on the borrower's assets) to Hoover in November 2022. As at 30 September 2026, the loan was 37 per cent of RCOI's overall commitments.
  • After this realisation, RCOI's portfolio has two remaining positions. It has an estimated unencumbered cash and cash equivalents position of approximately $17.2 million.
  • Since its annual general meeting on 22 May 2024 and adoption of its Wind-down Investment Policy, RCOI has redeemed approximately 59 per cent of its Ordinary Shares. 36,931,359 Ordinary Shares were outstanding after the most recent redemption on 30 March 2026.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/hoover-realisation

Riverstone Credit Opps. Inc PLC
03 November 2026
 

3 November 2026

Riverstone Credit Opportunities Income Plc

Successful Realisation of Investment in Hoover Circular Solutions

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 term loan to Hoover Circular Solutions (“Hoover”) at a 13 per cent gross IRR (10 per cent net IRR*) and 1.49x gross MOIC (1.35x net MOIC*).

In November 2022, RCOI committed $13.7 million in a first lien loan to Hoover. Hoover is a reusable packaging and logistics company paving the way for chemical, refining, and industrial businesses to gain more value from their supply chain strategy. As at 30 September 2026, the loan to Hoover reflected 37 per cent of RCOI’s overall commitments.

The Company remains focused on the realisation of RCOI's remaining 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 59 per cent of the Company's Ordinary Shares with 36,931,359 Ordinary Shares outstanding following the most recent redemption on 30 March 2026.

Following this realisation, the Company's portfolio is comprised of two remaining positions. Furthermore, the Company has an estimated unencumbered cash and cash equivalents position of approximately $17.2 million.

For Riverstone Credit Opportunities Income Plc:

Josh Finlay       +44 7388 469 981   J.P. Morgan Cazenove (Corporate Broker):  William Simmonds      +44 (0) 20 7742 4000

Jade Lee      +44 (0) 20 7742 4000

About Riverstone Credit Opportunities Income Plc:

At a general meeting held on 22 May 2024, RCOI adopted a revised investment objective in order to facilitate a managed wind-down of the Company. The Company plans to realise the Company's assets on a timely basis, with the goal of making returns of cash to holders of ordinary shares as soon as practicable.

As previously announced, 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) are incorporated into, or forms part of, this announcement.

* Metrics as at 30 September 2026

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