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Runway Growth Finance Corp. Launches Unsecured Note Offering for Nasdaq Listing

1 report, 1 independent Updated Sep 1
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Runway Growth Finance Corp. announced an underwritten offering of unsecured notes and applied for the notes to be listed on the Nasdaq Global Select Market. The company plans to use the net proceeds from the offering to repay outstanding indebtedness, including a portion of its 9.00% Senior Notes due January 31, 2027. Oppenheimer & Co. Inc., B. Riley Securities, Inc., Lucid Capital Markets, LLC, and MUFG Securities Americas Inc. are acting as joint book-running managers for the offering.

From manilatimes.net

Why it matters

Some supportBrind's analysis of the reports

The offering allows Runway Growth Finance Corp. to raise capital through debt issuance to manage its existing financial obligations. If approved for listing, the company expects the notes to begin trading within 30 days of the original issue date.

From manilatimes.net

Who's involved

  • NasdaqThe stock exchange where the company is seeking to list its new notes

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The entities involved

Coverage

Newest first; wire copies grouped