Runway Growth Finance Corp. 8.00% Notes due 2027 (NASDAQ: RWAYZ) are senior unsecured debt obligations issued by Runway Growth Finance Corp., a business development company (BDC) that provides customized financing solutions to growth-stage companies. The notes carry a fixed interest rate of 8.00% per annum, payable semi-annually, and mature on March 15, 2027. These notes are issued under a shelf registration statement filed with the U.S. Securities and Exchange Commission and rank equally with all other unsecured and unsubordinated indebtedness of the issuer.
As a BDC, Runway Growth Finance Corp. targets companies across technology, life sciences, healthcare, and other high-growth sectors. The company typically structures its investments as first-lien, second-lien or unitranche loans, and may also make selective equity co-investments. Proceeds from the 8.00% notes offering are used to bolster the company’s lending capacity, support new and existing portfolio investments, and for general corporate purposes. Runway Growth Finance Corp. focuses its investment activities primarily within the United States, seeking middle-market enterprises with proven business models and strong growth prospects.
Runway Growth Finance Corp. is externally managed and advised by Runway Growth Capital Management, an investment advisor based in Newport Beach, California. The advisor’s leadership team brings extensive experience in private credit and equity investing, aiming to deliver attractive risk-adjusted returns for noteholders and shareholders. The company’s governance structure and reporting practices are designed to meet the requirements applicable to public BDCs, providing transparency into its portfolio composition and investment performance.
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