debt
confidence high
sentiment neutral
materiality 0.60
Runway Growth issues $107M 7.51% senior notes due 2028 in private placement
Runway Growth Finance Corp.
- Issued $107M aggregate principal amount of 7.51% Series 2025A Senior Notes due April 7, 2028; fixed rate 7.51%.
- Net proceeds to repay outstanding debt, fund investments, and for general corporate purposes.
- Notes are unsecured, rank pari passu with existing unsecured debt; interest payable semi-annually.
- Existing Series 2021A noteholders exchanged $70M surrendered notes for new Series 2025A notes.