Runway Growth Finance Corp. Prices Offering of 7.75% Notes due 2031

The planned use of proceeds includes retiring 9.00% notes and repaying debt under a KeyBank credit facility.

Rhea-AI Summary

Runway Growth Finance (RWAY) priced a $45.0 million public offering of 7.75% notes due 2031 on September 25, 2026.

The offering is expected to yield approximately $43.7 million after underwriting discounts and commissions, before other company-paid expenses. It is expected to close October 1, 2026, subject to customary conditions. The notes mature October 1, 2031, with quarterly interest payments beginning December 1, 2026. Runway Growth may redeem them starting October 1, 2028.

Runway Growth intends to use the proceeds to repay debt under its KeyBank credit facility, redeem all its outstanding 9.00% notes due January 31, 2027, and for general corporate purposes. Approximately $33.0 million of those 2027 notes was outstanding as of September 24, 2026.

News Explained

The underwriters hold a 30-day option to buy up to an additional $6.8 million in notes to cover overallotments, if any; that possible amount sits beyond the $45.0 million priced base and is not itself committed for issuance.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

MENLO PARK, Calif., Sept. 25, 2026 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today announced that it has priced an underwritten public offering of $45.0 million aggregate principal amount of notes due 2031 (the “Notes”), which will result in net proceeds to the Company of approximately $43.7 million after payment of underwriting discounts and commissions but before deducting expenses payable by the Company related to this offering. The Notes will mature on October 1, 2031, and may be redeemed in whole or in part at any time or from time to time at the Company’s option on or after October 1, 2028. The Notes will be issued in denominations of $25 and integral multiples of $25 in excess thereof and will bear interest at a rate of 7.75% per year, payable quarterly, with the first interest payment occurring on December 1, 2026. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional $6.8 million aggregate principal amount of Notes to cover overallotments, if any.

The offering is expected to close on October 1, 2026, subject to customary closing conditions. The Company intends to list the Notes on the Nasdaq Global Select Market under the symbol “RWAYM.”

The Company intends to use the net proceeds from this offering to repay outstanding indebtedness, including under its credit facility with KeyBank National Association and to redeem all of the Company’s outstanding 9.00% Senior Notes due January 31, 2027 (the “SWK 2027 Notes”) and for general corporate purposes. As of September 24, 2026, the Company had approximately $33.0 million of indebtedness outstanding under the SWK 2027 Notes, which bear interest at a rate of 9.00%.

Oppenheimer & Co. Inc., B. Riley Securities, Inc., Lucid Capital Markets, LLC, and MUFG Securities Americas Inc. are acting as joint book-running managers of this offering. Clear Street LLC, Compass Point Research & Trading, LLC, InspereX LLC, Ladenburg Thalmann & Co. Inc., William Blair & Company L.L.C., and BC Partners Securities are acting as co-managers of this offering.

Investors are advised to carefully consider the investment objective, risks, charges and expenses of the Company before investing. The preliminary prospectus supplement, dated September 23, 2026, and accompanying prospectus, dated March 19, 2025, each of which has been filed with the Securities and Exchange Commission (the “SEC”), contain a description of these matters and other important information about the Company and should be read carefully before investing. The information in the preliminary prospectus supplement, the accompanying prospectus and this press release is not complete and may be changed.

A shelf registration statement relating to these securities is on file with and has been declared effective by the SEC. The offering may be made only by means of a preliminary prospectus supplement and an accompanying prospectus, copies of which may be obtained from Oppenheimer & Co. Inc., 85 Broad Street, 23^rd Floor, New York, NY 10004 or by calling (800) 966 1559; copies may also be obtained by visiting EDGAR on the SEC’s website at http://www.sec.gov.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities in this offering or any other securities nor will there be any sale of these securities or any other securities referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.

About Runway Growth Finance Corp.

Runway Growth is a specialty finance company focused on providing flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity. Runway Growth is a closed-end investment fund that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. Runway Growth is externally managed by Runway Growth Capital LLC, an affiliate of BC Partners Advisors L.P., and led by industry veteran David Spreng. For more information, please visit www.runwaygrowth.com.  

Forward-Looking Statements

Statements included herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Statements other than statements of historical facts included in this press release may constitute forward-looking statements, including statements regarding our intentions related to the offering discussed in this press release and the use of proceeds from the offering, and are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in forward-looking statements as a result of a number of factors, including those described from time to time in Runway Growth’s filings with the SEC. Runway Growth undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

IR Contacts:

Taylor Donahue, Prosek Partners, rway@prosek.com

Carmela Thomson, Chief Financial Officer, ct@runwaygrowth.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What are the terms of Runway Growth Finance's 2031 notes offering?

The $45.0 million offering carries annual interest of 7.75%, payable quarterly, with the first payment on December 1, 2026. The notes mature October 1, 2031, and may be redeemed at Runway Growth's option on or after October 1, 2028.

Can underwriters buy additional notes in Runway Growth Finance's offering?

Yes. The underwriters have a 30-day option to purchase up to an additional $6.8 million in aggregate principal amount of notes to cover overallotments, if any.

Where can investors find the prospectus for Runway Growth Finance's notes offering?

Copies of the preliminary prospectus supplement and accompanying prospectus are available through Oppenheimer & Co. at (800) 966-1559 or through EDGAR on the SEC's website.