By William Gullotti
Buffalo, N.Y., April 14 – Runway Growth Finance Corp. privately placed $25 million of 8.54% series 2023A senior notes due April 13, 2026 on Thursday with an institutional investor, according to an 8-K filing with the Securities and Exchange Commission.
The notes will be callable in whole or in part beginning on Jan. 13, 2026.
Proceeds will be used to repay outstanding indebtedness, to make investments and for other general corporate purposes.
Runway is a specialty finance company focused on providing senior secured loans to high-growth-potential companies in technology, life sciences, health care information and services, business services, select consumer services and products and other high-growth industries. The closed-end management investment company is based in Chicago.
| Issuer: | Runway Growth Finance Corp.
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| Amount: | $25 million
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| Issue: | Series 2023A senior notes
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| Maturity: | April 13, 2026
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| Trustee: | U.S. Bank Trust Co., NA
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| Counsel to issuer: | Dechert LLP
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| Counsel to investor: | Chapman and Cutler LLP
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| Coupon: | 8.54%
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| Call features: | In whole or in part starting Jan. 13, 2026
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| Change of control: | At par plus interest
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| Trade date: | April 13
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| Distribution: | Private placement
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