Runway Growth Finance Corp. (RWAY): debt financing — Runway Growth issues $25M 8.54% senior notes due 2026 in private placement

Runway Growth Finance Corp.

Issued $25M aggregate principal of 8.54% Series 2023A Senior Notes maturing April 13, 2026.
Notes are unsecured, rank pari passu with other unsecured unsubordinated debt of the company.
Interest payable semiannually on April 13 and October 13; optional prepayment after Jan 13, 2026 at par.
Proceeds to repay outstanding debt, make investments, and for general corporate purposes.
Note sold to Teachers Insurance and Annuity Association of America, managed by Nuveen Alternative Advisors.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Runway Growth Finance Corp. incurred senior notes of $25.0 million at 8.54% per year maturing April 13, 2026.

Instrument: senior notes
Principal: $25.0 million
Rate: 8.54% per year
Maturity: April 13, 2026
Event: incurrence

Exact text from the filing

governing the issuance of a 8.54% Series 2023A Senior Note due April 13, 2026 (the “Series 2023A Note”), in aggregate principal amount of $25.0 million

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

Runway Growth Finance Corp. entered into First Supplement with an institutional investor valued at $25.0 million (effective 2023-04-13).

Action: entry
Agreement: notes offering
Counterparty: an institutional investor
Value: $25.0 million
Effective: 2023-04-13

Exact text from the filing

On April 13, 2023, Runway Growth Finance Corp. (the “Company”) entered into the First Supplement, dated as of April 13, 2023 (the “First Supplement”), among the Company and the purchaser listed in the purchaser schedule thereto, to the Master Note Purchase Agreement, dated December 10, 2021 (as supplemented by the First Supplement, the “Note Purchase Agreement”), governing the issuance of a 8.54% Series 2023A Senior Note due April 13, 2026 (the “Series 2023A Note”), in aggregate principal amount of $25.0 million, to an institutional investor in a private placement.

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26 debt financings filed in the last 30 days. Browse all debt financings →

Runway Growth Finance Corp. filing history →

Source: SEC EDGAR

accession 0001104659-23-045577

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