Runway Growth Credit Fund Provides Third Quarter Portfolio Update
Runway Growth funded three loans and other investments during Q3/20, including a $40 million senior secured term loan commitment to new portfolio company, Porch.com.
Runway Growth funded three loans and other investments during Q3/20, including a $40 million senior secured term loan commitment to new portfolio company, Porch.com.
QTS Realty Trust, a provider of hybrid colocation and data center solutions, entered into a new six-year $250 million term loan. Combined with the company’s current $1.7 billion unsecured credit facility, the term loan increases its aggregate unsecured credit facility capacity to $1.95 billion.
KeyBank served as administrative agent and KeyBanc Capital Markets and BMO Capital Markets acted as joint lead arrangers and syndication agents for an amended and restated senior secured revolving credit facility of up to $375 million for Jernigan Capital.
Bank of America Securities acted as sole book runner and sole lead arranger for a new $150 million syndicated secured revolving credit facility for Radiant Logistics.
Healthcare Trust purchased substantially all the assets of American Realty Capital Healthcare Trust III, following the approval of a majority of American Realty’s stockholders.
NXT Capital announced its Equipment Finance Group increased its revolving credit facility from $150 million to $325 million. BMO Capital Markets and KeyBank National Association acted as joint lead arrangers.
Paul Hastings announced the firm represented KeyBank National Association as sole lead arranger and sole bookrunner and as administrative agent in connection with a revolving credit facility for Linc Energy Resources.