B. Riley Securities served as bookrunner for Runway Growth Finance’s underwritten public offering of $100 million aggregate principal amount of 7.25% unsecured notes due 2031. Net proceeds from the offering will be used to repay outstanding indebtedness, including total redemption of Runway’s outstanding 8.00% Notes due 2027, all or a portion of its outstanding 7.50% Notes due 2027, and general corporate purposes.
Runway Growth granted the underwriters a 30-day option to purchase up to an additional $15 million aggregate principal amount of notes to cover overallotments. The notes will be listed on the Nasdaq Global Select Market under the symbol “RWAYI.”
B. Riley Securities’ deal team was led by Mike Cavanagh and Brian Taylor and included Alex Shaffer and Hayden Kickbush.
