8.00% Notes due 2027
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Runway Growth Finance Corp. Announces Partial Redemption of 7.50% Notes Due 2027 and Whole Redemption of 8.00% Notes Due 2027
Globenewswire· 2026-02-03 21:30
Group 1 - The company, Runway Growth Finance Corp., plans to redeem a portion of its 7.50% Notes and all of its 8.00% Notes due 2027, with a total redemption amount of $40,250,000 for the 7.50% Notes and $51,750,000 for the 8.00% Notes, both scheduled for March 5, 2026 [1] - The redemption price per Note will be $25 plus accrued and unpaid interest from March 1, 2026, until the redemption date [1] Group 2 - Runway Growth is a specialty finance company that provides flexible capital solutions to late- and growth-stage companies, offering an alternative to equity financing [2] - The company is a closed-end investment fund regulated as a business development company under the Investment Company Act of 1940 and is externally managed by Runway Growth Capital LLC [2]
Runway Growth Finance Corp. Commences Offering of Notes
Globenewswire· 2026-01-27 02:30
Core Viewpoint - Runway Growth Finance Corp. has initiated an underwritten offering of unsecured notes to provide flexible capital solutions to late and growth-stage companies, with proceeds aimed at repaying existing debt and financing an acquisition [1][2]. Group 1: Offering Details - The company has commenced an offering of unsecured notes, which are expected to be listed on the Nasdaq Global Select Market, pending approval [1]. - The interest rate and terms of the notes will be determined at the time of pricing [1]. - The offering is managed by Oppenheimer & Co. Inc., B. Riley Securities, Inc., Lucid Capital Markets, LLC, and BC Partners Securities, LLC, with co-managers including InspereX LLC and William Blair & Company L.L.C. [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to repay outstanding indebtedness, including redeeming a portion of the 8.00% Notes due 2027, which had an outstanding amount of $51.75 million as of January 23, 2026 [2]. - The proceeds will also finance the acquisition of SWK Holdings Corporation and for general corporate purposes [2]. Group 3: Company Overview - Runway Growth is a specialty finance company focused on providing flexible capital solutions to late- and growth-stage companies, regulated as a business development company under the Investment Company Act of 1940 [7]. - The company is externally managed by Runway Growth Capital LLC, an affiliate of BC Partners Advisors L.P., and led by industry veteran David Spreng [7].