By Devika Patel
Knoxville, Tenn., Nov. 18 – Runway Growth Credit Fund Inc. priced a $70 million private placement of 4.25% series 2021A senior notes due Dec. 10, 2026, according to a press release.
The notes will be delivered in two closings, with the first $20 million settling on Dec. 10 and the remaining $50 million settling on Feb. 10, 2022.
Proceeds will be used to repay debt, make investments and for other general corporate purposes.
Chicago-based Runway Growth Credit Fund operates as a venture capital firm.
| Issuer: | Runway Growth Credit Fund Inc.
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| Issue: | Series 2021A senior notes
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| Amount: | $70 million
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| Maturity: | Dec. 10, 2026
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| Coupon: | 4.25%
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| Announcement date: | Nov. 18
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| Settlement dates: | Dec. 10 (for $20 million), Feb. 10, 2022 (for $50 million)
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| Distribution: | Private placement
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