Runway Growth Finance prices $45 million 7.75% notes offering due 2031
RWAY•Runway Growth Finance priced a $45 million offering of 7.75% notes due Oct. 1, 2031, with net proceeds expected to be about $43.7 million. The company plans to use the funds to repay debt, including a KeyBank credit facility, and redeem its 9.00% senior notes due Jan. 31, 2027.
1. Offering details
Runway Growth Finance priced an underwritten public offering of $45 million in 7.75% notes due Oct. 1, 2031. The notes are callable at the company’s option starting Oct. 1, 2028, and closing is expected Oct. 1, 2026.
2. Use of proceeds
The company expects net proceeds of about $43.7 million and plans to use them to repay debt, including a KeyBank credit facility, and redeem its 9.00% senior notes due Jan. 31, 2027. Underwriters have a 30-day option to purchase up to an additional $6.8 million of notes for overallotments.
