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Runway Growth Finance Corp. 424B Filings

RWAY NASDAQ

Every 424B that Runway Growth Finance Corp. (RWAY) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 424B covers the supplement that carries the terms of a priced offering, so if you follow RWAY and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RWAY filings page.

Rhea-AI Summary

Runway Growth Finance Corp. is offering $45,000,000 aggregate principal amount of 7.75% notes due October 1, 2031. Underwriters may purchase up to an additional $6,750,000 aggregate principal amount to cover overallotments within 30 days of September 24, 2026. The notes are direct unsecured obligations, with interest paid quarterly beginning December 1, 2026. Runway estimates net proceeds of approximately $43.2 million, or approximately $49.8 million if the overallotment option is fully exercised. It intends to use proceeds to repay outstanding indebtedness, including Credit Facility borrowings, redeem all outstanding SWK 2027 Notes, and for general corporate purposes.

The notes have minimum denominations of $25 and may be redeemed by Runway on or after October 1, 2028, at $25 per note plus accrued and unpaid interest; holders cannot require early repayment. They rank equally with unsecured, unsubordinated debt but are effectively subordinated to secured debt and structurally subordinated to subsidiary liabilities. As of September 22, 2026, total indebtedness was approximately $585.5 million, including $252.0 million of secured debt.

Rhea-AI Summary

Runway Growth Finance Corp. is offering $50 million aggregate principal amount of 7.00% Notes due December 1, 2029, at 98.859% of principal. Interest is payable semiannually beginning December 1, 2026. The unsecured notes rank pari passu with the company’s unsecured, unsubordinated debt, but are effectively subordinated to secured debt and structurally subordinated to subsidiary liabilities.

The company estimates net proceeds of approximately $48.4 million after underwriting discounts and offering expenses, intended to repay Credit Facility borrowings and for general corporate purposes. As of May 21, 2026, total indebtedness was approximately $693.5 million, including $410.0 million secured; assuming no repayment of Credit Facility amounts, total indebtedness after issuance would be approximately $743.5 million. Holders may require a cash repurchase at 100% of principal following a Change of Control Repurchase Event; the company may redeem before June 1, 2029 under a Treasury-rate formula.

The Notes have no established trading market, and the company does not intend to list them. Separately, Runway completed its acquisition of SWK Holdings on April 6, 2026, and assumed $33.0 million of 9.00% Senior Notes due 2027.

Rhea-AI Summary

Runway Growth Finance Corp. is offering $100 million aggregate principal amount of 7.25% Notes due 2031; underwriters may purchase up to an additional $15 million to cover overallotments within 30 days of January 27, 2026. The Notes are direct unsecured obligations, rank alongside the company’s unsecured, unsubordinated debt, and are effectively subordinated to secured debt and structurally subordinated to subsidiary liabilities. Interest is payable quarterly, beginning March 1, 2026.

The company estimates net proceeds of approximately $96.75 million after underwriting discounts and estimated expenses, or approximately $111.30 million if the overallotment option is fully exercised. It intends to use proceeds to repay outstanding indebtedness, including the December 2027 and July 2027 Notes, and for general corporate purposes. As of January 23, 2026, total indebtedness was approximately $422.3 million, including $183.0 million secured; the company repaid the 8.54% April 2026 Notes in full on January 21, 2026. Separately, the merger agreement with SWK Holdings Corporation remains subject to closing conditions, including SWK stockholder approval; FTC early termination of the antitrust waiting period was granted December 2, 2025.

Rhea-AI Summary

Runway Growth Finance Corp. is conducting a preliminary primary offering of unsecured notes. It intends to use the net proceeds to repay outstanding indebtedness, including amounts under its Credit Facility and the redemption of its outstanding SWK 2027 Notes, and for general corporate purposes. The notes rank equally with its unsecured, unsubordinated debt, but are effectively subordinated to secured debt and structurally subordinated to obligations of its subsidiaries.

Rhea-AI Summary

Runway Growth Finance Corp. is offering $50,000,000 aggregate principal amount of 7.00% Notes due December 1, 2029. Interest accrues from May 29, 2026, payable semi‑annually beginning December 1, 2026. The Notes are unsecured, will rank pari passu with other unsecured indebtedness and will be effectively subordinated to secured debt. Net proceeds are expected to be approximately $48.4 million and are intended to repay amounts under the Company’s Credit Facility and for general corporate purposes.

Rhea-AI Summary

Runway Growth Finance Corp. and SWK Holdings Corporation filed a Supplement to their March 3, 2026 Proxy Statement/Prospectus that updates the merger economics and unaudited pro forma financials assuming the Mergers closed on December 31, 2025. The Supplement presents a comparative fees and expenses table showing pro forma total annual expenses of 17.14% (expressed as a percentage of net assets attributable to common stock) and total annual expenses as a percentage of gross assets of 7.62% for the Combined Company.

The Supplement discloses the estimated purchase price consideration: $168,291,000 cash purchase price plus a $9,000,000 parent contribution, $660,000 severance and $5,863,000 transaction costs (total cash consideration $183,814,000), plus $40,274,000 equity consideration, for a $224,088,000 total. A day-one purchase discount (unrealized gain) of $18,615,000 is recognized. Pro forma net assets are $552,858,000, pro forma common shares outstanding are 41,854,799, and pro forma NAV per share is $13.21.

Rhea-AI Summary

SWK Holdings Corporation seeks stockholder approval to merge into Runway Growth Finance Corp. through a three-step transaction, subject to SWK stockholder vote at a virtual special meeting on March 31, 2026. Each SWK share will convert, at holder election, into Per Share Stock Consideration (shares of RWAY) or Per Share Cash Consideration (equal to SWK Per Share NAV), plus a pro rata portion of a $9,000,000 guaranteed cash payment from the Adviser. The Exchange Ratio is the quotient of SWK Per Share NAV divided by RWAY Per Share NAV, both calculated within two business days prior to closing and rounded to four decimals. As of the record date March 2, 2026, there were 12,095,906 shares of SWK Common Stock outstanding. The SWK Board unanimously recommends a vote FOR the proposals.

Rhea-AI Summary

Runway Growth Finance Corp. is issuing $100,000,000 of 7.25% unsecured notes due February 3, 2031, with interest paid quarterly and an expected Nasdaq listing under “RWAYI.” The notes are callable at $25 per note on or after February 3, 2028.

The notes rank pari passu with Runway’s other unsecured debt and are effectively subordinated to $183.0 million of secured borrowings as of January 23, 2026. Net proceeds of about $96.75 million are expected to be used to redeem all outstanding 8.00% December 2027 notes, redeem all or part of the 7.50% July 2027 notes, and for general corporate purposes.

Runway is a BDC and RIC that focuses on senior secured lending to late- and growth-stage companies. As of September 30, 2025, it reported a $946.0 million investment portfolio and $489.5 million of net assets and disclosed preliminary year-end 2025 NAV per share between $13.41 and $13.43. The filing also highlights a pending multi-step merger with SWK Holdings to add a new credit platform, subject to closing conditions and SWK stockholder approval.

Rhea-AI Summary

Runway Growth Finance Corp., a business development company focused on senior secured loans to high‑growth companies, plans to issue new unsecured notes due 2031. The notes will pay quarterly interest, be issued in $25 denominations, rank equally with the company’s existing unsecured notes and be effectively subordinated to secured debt and all liabilities of subsidiaries. The company intends to list the notes on Nasdaq, with trading expected to begin within 30 days of issuance.

Runway expects to use the proceeds to repay outstanding indebtedness, including redeeming some or all of its 2027 notes, to help finance its planned merger with SWK Holdings Corporation, and for general corporate purposes. It has already repaid its 8.54% Series 2023A notes due 2026 in full. Management also released preliminary estimates for December 31, 2025, net asset value per share between $13.41 and $13.43 and net investment income per share between $0.31 and $0.33, which remain subject to final closing and audit.