RWAY - Runway Growth Finance expands existing credit facility to $500M
2023-04-18 16:45:23 ET
- Runway Growth Finance ( NASDAQ: RWAY ) on Tuesday announced the expansion of its existing revolving credit facility to $500M .
- Borrowings under the facility bear interest on a per annum basis equal to the adj. term SOFR plus an applicable margin rate that ranges from 2.95% to 3.35% per annum depending on Runway's ( RWAY ) leverage ratio and number of eligible loans in the collateral pool.
- The maturity date under the facility is April 20, 2026.
- "This credit facility expansion strengthens our liquidity, and strategically positions Runway ( RWAY ) to navigate any environment that lies ahead," said CFO and COO Tom Raterman.
- Read why SA contributor More Ideas Than Money thinks Runway ( RWAY ) is a speculative buy.
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Runway Growth Finance expands existing credit facility to $500M