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Runway Growth Credit Fund expands credit facility’s accordion feature
By Marisa Wong
Los Angeles, June 3 – Runway Growth Credit Fund Inc. entered into an amendment on June 1 to its credit agreement dated May 31, 2019 with KeyBank NA as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.
The amendment, among other things, allows the company to incur permitted debt without the prior written consent of the administrative agent and increases the accordion amount under the credit facility to a $350 million maximum total commitment amount from $300 million.
Chicago-based Runway Growth Credit Fund operates as a venture capital firm.
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