Runway Growth Finance Corp., a specialty finance company based in Menlo Park, California, has priced a $45 million offering of senior notes at a 7.75% annual interest rate. The notes, maturing in October 2031, carry a first interest payment due on December 1, 2026, and are issued in denominations of $25 or integral multiples thereof. Net proceeds from the offering are estimated at approximately $43.7 million after underwriting fees and commissions. The notes may be redeemed in whole or part by the company starting October 1, 2028, and underwriters have a 30-day option to purchase an additional $6.8 million in notes under an overallotment clause. The offering is expected to close by October 1, 2026, pending customary closing conditions, and the company intends to list the notes on the Nasdaq Global Select Market under the symbol RWAYM.
The proceeds will primarily be used to repay outstanding indebtedness under Runway’s credit facility with KeyBank National Association and to redeem all of its outstanding 9.00% Senior Notes due January 31, 2027, with approximately $33 million still outstanding as of September 24, 2026. Additional funds will be allocated for general corporate purposes. The offering is underwritten by Oppenheimer & Co. Inc., B. Riley Securities, Lucid Capital Markets, MUFG Securities Americas Inc., and several co-managers including Clear Street LLC, Compass Point Research & Trading, and Ladenburg Thalmann & Co. Inc.
Runway Growth Finance operates as a business development company under the Investment Company Act of 1940, providing capital solutions to late-stage and growth-stage companies.
