Runway Growth Finance Corp. 8-K

What Happened
Runway Growth Finance Corp. announced an eighth amendment to its amended and restated credit agreement, effective June 30, 2026 and entered into on July 13, 2026. The amendment (the "Credit Facility Amendment") modifies the company’s secured revolving credit facility with a syndicate of lenders led by KeyBank National Association (administrative agent) and includes CIBC Bank USA, MUFG Bank, Ltd. and U.S. Bank Trust Company, N.A. in agent/agent roles.

Key Details

• Commitment reduced from $550,000,000 to $425,000,000.
• Amendment permits future prepayment and termination of a particular lender’s commitments on a non‑pro rata basis (i.e., not shared equally among lenders).
• Certain financial covenants were amended (filing does not detail full covenant terms).
• Updated key‑person trigger events and changes to loan eligibility criteria and borrowing‑base concentration limits.
• Filing lists the amendment as a material definitive agreement and indicates it affects the company’s direct financial obligations under the Credit Agreement.

Why It Matters
This amendment reduces Runway’s total available credit by $125M, which could affect liquidity and funding flexibility. Changes allowing non‑pro rata lender exits may alter the lender mix and how future repayments are allocated. Amended covenants and updated eligibility/concentration rules can affect the company’s ability to borrow and could change compliance metrics investors should monitor. Investors should watch future disclosures for the detailed covenant language, any covenant waivers, borrowing activity, and whether the company needs to renegotiate or seek additional liquidity.