Runway Growth Finance Corp. announced that it amended and extended its credit agreement with KeyBank National Association on March 18, 2025. This revised agreement extends the maturity date and revolving period for the company's credit facility, providing enhanced financial flexibility.
The amended credit agreement also permits Runway Growth to offer expanded financing solutions to its borrowers, including cash flow-based loans, asset-based loans, and recurring revenue loans. This broadens the company's product offerings and potential market reach.
In addition, the Board of Directors expanded its size from five to eight members, with new appointments effective March 21, 2025. These appointments, including Catherine Frey (effective January 23, 2025) and Jennifer Kwon Chou (effective March 21, 2025), are intended to add industry expertise and bolster the Board with public company experience, enhancing the company's governance profile.
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