Runway Growth Finance Corp. Finalizes $100M Offering of 7.25% Notes Due 2031 to Refinance Debt

summarizeSummary

Runway Growth Finance Corp. signed an underwriting agreement for a $100 million offering of 7.25% Notes due 2031, with proceeds primarily used to refinance existing debt.

check_boxKey Events · Financing and Capital Events · RWAY

• Underwriting Agreement Signed

  The company entered into an underwriting agreement on January 27, 2026, for the issuance and sale of $100.0 million aggregate principal amount of 7.25% Notes due 2031. This formalizes the terms of the offering previously announced on January 28, 2026.

• Debt Offering Details

  The notes are priced at $25.00 (par) with an annual interest rate of 7.25% and a maturity date of February 3, 2031. The underwriting discount is 3.00%, resulting in net proceeds of $97.0 million to the issuer before expenses.

• Use of Proceeds

  Net proceeds from the offering will be used to repay outstanding indebtedness, including 8.00% Notes due 2027 and 7.50% Notes due 2027, and for general corporate purposes.

• Over-Allotment Option

  The underwriters have a 30-day option to purchase up to an additional $15.0 million in aggregate principal amount of the notes to cover overallotments.

auto_awesomeAnalysis · RWAY · Unknown

Runway Growth Finance Corp. has formally entered into an underwriting agreement for a substantial $100 million offering of 7.25% Notes due 2031. This filing finalizes the terms and pricing of the offering, which was previously announced in a Free Writing Prospectus on January 28, 2026. The proceeds are primarily intended to repay existing higher-interest indebtedness, specifically 8.00% Notes due 2027 and 7.50% Notes due 2027, along with general corporate purposes. This strategic refinancing move is significant, representing a substantial capital raise relative to the company's market capitalization, and aims to optimize the company's debt structure by replacing higher-cost debt with new notes at a lower interest rate.