(Alliance News) - Riverstone Credit Opportunities Income PLC on Wednesday said it successfully realised its sustainability-linked first lien term loan in Clean Energy Fuels Corp.

The London-based energy infrastructure and energy transition credit investor said this was at a 14.9% gross internal rate of return and a 10.8% net IRR and 1.14 times gross multiple on invested capital and a 1.10 times net MOIC.

In December last year, Riverstone Credit committed USD13.9 million in a first lien term loan to Clean Energy, with additional growth capital to execute its renewable natural gas growth strategy as demand for RNG fuel rapidly rises.

"We were pleased to partner with Clean Energy to further expand our portfolio of credit investments in companies which enable greater environmental sustainability and the transition to net zero," said Managing Director & Investment Manager Danny Flannery.

"This realisation further strengthens our compelling track record of attractive realisations with this investment generating another strong IRR result for our shareholders."

Shares in Riverstone Credit closed up 0.6% to USD0.88 each in London on Wednesday.

By Greg Rosenvinge, Alliance News senior reporter

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