Runway Growth Prices $45M 7.75% Notes Due 2031 at Par
RWAY sits 30% above its 52-week low of $5.19.
Summary
Runway Growth Finance priced $45 million of 7.75% notes due 2031 at par, using proceeds to repay credit facility debt and redeem 9.00% senior notes due 2027.
Updates
· Reuters — Net proceeds are $43.70 million, and proceeds will repay indebtedness and redeem the 9.00% senior notes due January 31, 2027.
· GlobeNewswire — Underwriters granted 30-day option to purchase up to $6.8M additional notes; net proceeds approximately $43.7M after discounts but before expenses.
Key Events · Financing and Capital Events · RWAY
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Notes Offering Priced at Par
Runway Growth priced $45 million of 7.75% unsecured notes due October 1, 2031 at $25.00 par, with an over-allotment option of up to $6.75 million.
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Net Proceeds and Underwriting Discount
Underwriting discount of 3.00% ($1.35 million) leaves net proceeds of $43.65 million before expenses.
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Use of Proceeds
Proceeds will repay outstanding credit facility debt with KeyBank and redeem all outstanding 9.00% Senior Notes due 2027, reducing interest expense.
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Expected Rating and Listing
Notes carry an expected BBB (low) rating from Morningstar DBRS and will list on Nasdaq under symbol RWAYM within 30 days.
Analysis · RWAY · Unknown
Runway Growth Finance finalized terms on a $45 million unsecured notes offering, pricing at par with a 7.75% coupon. The proceeds will repay credit facility debt and redeem the higher-cost 9.00% Senior Notes due 2027, lowering the company's interest burden. The deal carries a 3% underwriting discount, yielding $43.65 million in net proceeds before expenses. This refinancing comes amid activist pressure from Bulldog Investors to expand share repurchases and follows a $44.4 million realized loss in Q2 2026 from loan restructurings.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.4% of the 1637 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, RWAY was trading at $6.73 on NASDAQ in the Unknown sector, with a market capitalization of approximately $282.1M. The 52-week trading range was $5.19 to $10.50. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.