Runway Growth Amends Credit Facility, Cuts Commitment to $425M, Four Lenders Exit

summarizeSummary

Runway Growth Finance Corp. amended its credit facility, cutting the commitment to $425M from $550M. Four lenders exited, and DZ Bank's commitment was reduced. Financial covenants and borrowing terms were also revised.

check_boxKey Events · Financing and Capital Events · RWAY

• Credit Facility Commitment Reduced

  The total commitment under the senior credit facility was reduced from $550 million to $425 million, effective June 30, 2026.

• Four Lenders Exit Facility

  Mitsubishi HC Capital America, Zions Bancorporation, Hancock Whitney Bank, and Valley National Bank exited the facility, with their commitments permanently reduced to zero.

• DZ Bank Commitment Cut

  DZ Bank's commitment was reduced from $65 million to $30 million, with an option for the borrower to terminate the remaining commitment by December 31, 2026.

• Covenant and Term Amendments

  The amendment revised financial covenants, key person trigger events, loan eligibility criteria, and borrowing base concentration limits.

auto_awesomeAnalysis · RWAY · Unknown

Runway Growth Finance Corp. amended its senior credit facility, reducing the total commitment from $550 million to $425 million. Four lenders — Mitsubishi HC Capital America, Zions Bancorporation, Hancock Whitney Bank, and Valley National Bank — exited the facility entirely, while DZ Bank's commitment was cut from $65 million to $30 million with an option for full exit by year-end. The amendment also revised financial covenants, key person triggers, and borrowing base criteria, and waived prior defaults related to the SWK acquisition. The reduction in committed capital and lender departures signal tighter credit conditions, but the facility remains a key source of liquidity for the BDC. The changes come amid activist pressure and a recent insider buying plan, suggesting the company is actively managing its capital structure.