Runway Growth Finance increases credit facility by $50M, adds new lenders

Runway Growth Finance Corp.

Amended credit agreement on Jan 4, 2023 to increase facility amount by $50M via accordion provision.
New lenders Autobahn Funding Company LLC and Valley National Bank added.
Liquidity covenant revised to include delayed draw term loans, effective Dec 31, 2022.
Swingline sub-commitment added within KeyBank commitment for delayed fundings.
Changes to future facility increase requirements under accordion provisions.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Runway Growth Finance Corp. amended Credit Agreement Amendment with KeyBank National Association, as administrative agent valued at $50,000,000 (effective 2023-01-04).

Action: amendment
Agreement: credit facility
Counterparty: KeyBank National Association, as administrative agent
Value: $50,000,000
Effective: 2023-01-04

Exact text from the filing

On January 4, 2023, Runway Growth Finance Corp. (the “Company”) entered into an amendment (the “Credit Agreement Amendment”) to the Amended and Restated Credit Agreement dated as of April 20, 2022 (the “Credit Agreement”), among the Company, as borrower; the financial institutions parties thereto as lenders (the “Lenders”); KeyBank National Association, as administrative agent for the Lenders; CIBC Bank USA, as documentation agent; MUFG Bank, Ltd., as co-documentation agent; and U.S. Bank Trust Company National Association, as collateral custodian and paying agent.

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Runway Growth Finance Corp. filing history →

Source: SEC EDGAR

accession 0001104659-23-002333

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