Loan & DebtMay 29, 2026, 04:23 PM
Runway Growth Finance Issues $50M 7.00% Notes Due 2029
AI Summary
Runway Growth Finance Corp. entered into an underwriting agreement and a Fourth Supplemental Indenture for the issuance and sale of $50 million aggregate principal amount of 7.00% Notes due 2029. The Notes mature on December 1, 2029, with interest paid semi-annually. Proceeds will be used to repay outstanding indebtedness under the company's Credit Facility and for other purposes.
Key Highlights
- Runway Growth Finance issued $50,000,000 aggregate principal amount of Notes.
- The Notes carry an interest rate of 7.00% per year, paid semi-annually.
- Interest payments will commence on December 1, 2026.
- The Notes will mature on December 1, 2029.
- They are direct unsecured obligations, ranking pari passu with existing unsecured debt.
- Proceeds will primarily be used to repay outstanding indebtedness under the Credit Facility.
- The company has options to redeem the Notes prior to or on/after June 1, 2029.
Price Impact
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