Runway Growth announces increase to credit facility, new lenders

By Cady Vishniac

Detroit, Dec. 4 – Runway Growth Credit Fund Inc. entered into an amendment to its credit agreement with KeyBank NA as administrative agent on Dec. 2, according to an 8-K filing with the Securities and Exchange Commission.

The amendment amended increases the size of the facility to $215 million from $175 million, increases the accordion to $300 million aggregate commitment from $200 million and adds Bank of Hope and First Foundation Bank as new lenders and managing agents.

CIBC Bank USA is documentation agent and a lender on the facility. MUFG Union Bank, NA is co-documentation agent and a lender and U.S. Bank NA is paying agent

Chicago-based Runway Growth Credit Fund operates as a venture capital firm.

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