RWAY Prices ﹩45 Million 7.75% Notes Due 2031

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Runway Growth Finance Corp. priced a ﹩45 million public offering of 7.75% unsecured notes due October 1, 2031, according to a September 24, 2026 pricing term sheet.

The notes are expected to produce approximately ﹩43.65 million of proceeds before offering expenses. Underwriters may buy up to another ﹩6.75 million to cover overallotments. Runway intends to list the notes on Nasdaq under the symbol RWAYM, with quarterly interest payments beginning December 1, 2026.

Why it matters

Runway plans to use the proceeds to repay debt under its KeyBank credit facility, redeem all of its outstanding 9.00% senior notes due January 31, 2027, and for general corporate purposes. The older notes had approximately ﹩33 million outstanding as of September 22.

Replacing 9.00% debt with 7.75% debt lowers the stated coupon on that portion of borrowings by 1.25 percentage points and moves the maturity into 2031. That can reduce near-term refinancing pressure, but it does not automatically improve dividend coverage. The final effect depends on how much of the new financing repays the credit facility, offering costs, any overallotment, and how Runway deploys remaining capital.

The offering is expected to settle on October 1, subject to customary conditions. Investors should watch for closing confirmation and the resulting debt balance.

Sources

• Runway Growth Finance: September 24 pricing term sheet
• Runway Growth Finance: September 23 preliminary prospectus supplement

This article is general information, not personalized investment advice. Fly High Investing may hold securities discussed in this article.