Runway Growth Finance Corp. 8.00% Notes Due 12/31/2027 (RWAYZ)
NGS · · CUSIP 78163D308
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Security Details

Coupon Rate
8.00%
Liquidation Preference
$25.00
Call Price
$25.00
Call / Redemption Date
12/31/2024
Maturity Date
12/31/2027
Distribution Period
Q
Rate Type
Fixed
Annual Distribution
2
Distribution Dates
3/1, 6/1, 9/1 & 12/1
Credit Ratings
Moody's NF · S&P NF (4/21/2025)
Tax-Advantaged Dividends
No

Security Profile

Security Type
Exchange-Traded Debt Security »
CUSIP
78163D308
Market Cap
Micro Cap
IPO
11/30/2022 · $25.00/share
Parent Company
Runway Growth Finance Corp. (RWAY)
Business: Runway Growth Finance Corp. 8.00% Notes Due 2027 redeemable at the issuer's option on or after 12/31/2024 at $25 per note plus accrued and unpaid interest, and maturing 12/31/2027. <p> Interest distributions of 8.00% per annum ($2.00 per annum or $0.50 per quarter) will be paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on the record date that will be 2/15, 5/15, 8/15 & 11/15 (NOTE: the ex-dividend date is one business day prior to the record date). <p> Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders.<p> Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest.<p> This security was not rated by Moody’s or S&P at the time of its IPO. This security was rated as BBB+ by Egan-Jones Ratings Co. at the date of its IPO. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
Notes: The 8.00% Notes were issued on 11/30/2022 and are expected to begin trading on the Nasdaq Global Select Market within 30 days of their issue date. The shares may start interim trading on the Other OTC market but we are not aware that they have done so to date.

Company Contact

CEO
David Spreng
CFO
Thomas B. Raterman
Headquarters
205 N. Michigan Ave., Suite 4200, Chicago, IL 60601
Phone
312-281-6270
Investor Relations
Thomas B. Raterman · 312-281-6270 · tr@runwaygrowth.com
General Email
investors@runwaygrowth.com
Email Form
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