Runway Growth Finance Corp. Prices Offering of 8.00% Notes due 2027

Dec 01, 2022

WOODSIDE, Calif., Nov. 30, 2022 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (the “Company”) (Nasdaq: RWAY), an externally managed business development company, today announced that it has priced an underwritten public offering of $45.00 million aggregate principal amount of notes due 2027 (the “Notes”), which will result in net proceeds to the Company of approximately $43.65 million after payment of underwriting discounts and commissions but before deducting expenses payable by the Company related to this offering. The Notes will mature on December 31, 2027 and may be redeemed in whole or in part at any time or from time to time at the Company’s option on or after December 31, 2024. The Notes will be issued in denominations of $25 and integral multiples of $25 in excess thereof and will bear interest at a rate of 8.00% per year, payable quarterly, with the first interest payment occurring on March 1, 2023. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional $6.75 million aggregate principal amount of Notes to cover overallotments, if any.

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