Runway Growth Finance will use proceeds to pay down KeyBank facility

By Mary-Katherine Stinson

Lexington, Ky., July 21 – Runway Growth Finance Corp. will use the proceeds from a planned new note offering to repay outstanding debt under the company’s credit agreement with KeyBank NA, according to a press release Thursday.

As of July 15, the company had $163 million of debt outstanding under the credit facility with a 5.18% interest rate, which matures on April 20, 2026.

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.

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