Runway Growth Finance to repay $365 million of debt with new notes

By Mary-Katherine Stinson

Lexington, Ky., Nov. 30 – Runway Growth Finance Corp. intends to use proceeds from a planned new note offering to repay outstanding debt under the company’s credit agreement with KeyBank NA, according to a press release.

As of Nov. 28, the company had $365 million of debt outstanding under the credit facility, which matures on April 20, 2026.

Runway is a specialty finance company focused on providing senior secured loans to high-growth-potential companies in technology, life sciences, health care information and services, business services, select consumer services and products and other high-growth industries. The closed-end management investment company is based in Chicago.

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