Runway Growth Finance increases revolver commitments to $500 million

By Wendy Van Sickle

Columbus, Ohio, April 18 – Runway Growth Finance Corp. increased the commitments of its revolving credit facility to $500 million, according to a news release Tuesday.

Borrowings bear interest at adjusted term SOFR plus a margin that ranges from 295 basis points to 335 bps, depending on Runway Growth’s leverage ratio and the number of eligible loans in the collateral pool.

KeyBank NA and CIBC Bank USA are the co-lead arrangers.

The credit facility matures on April 20, 2026.

“This credit facility expansion strengthens our liquidity, and strategically positions Runway to navigate any environment that lies ahead,” Tom Raterman, chief financial officer and chief operating officer of Runway Growth, said in the release.

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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