Runway Growth Finance Corp. (Nasdaq: RWAY) has priced an underwritten public offering of $45.0 million in aggregate principal amount of notes due 2031, according to a press release.

The notes will bear interest at 7.75% per year, payable quarterly, with the first interest payment scheduled for Dec. 1, 2026. The notes mature on Oct. 1, 2031, and may be redeemed in whole or in part at the company's option on or after Oct. 1, 2028. They will be issued in denominations of $25 and integral multiples thereof.

The offering is expected to generate net proceeds of approximately $43.7 million after underwriting discounts and commissions, before other expenses. The company has also granted underwriters a 30-day option to purchase up to an additional $6.8 million in aggregate principal amount of notes to cover any overallotments.

The offering is expected to close on Oct. 1, 2026, subject to customary closing conditions. The company intends to list the notes on the Nasdaq Global Select Market under the ticker symbol "RWAYM."

Runway Growth said it plans to use the net proceeds to repay outstanding indebtedness, including amounts owed under its credit facility with KeyBank National Association, and to redeem all outstanding 9.00% Senior Notes due Jan. 31, 2027. As of Sept. 24, 2026, approximately $33.0 million remained outstanding under those senior notes.

Oppenheimer & Co. Inc., B. Riley Securities Inc., Lucid Capital Markets LLC, and MUFG Securities Americas Inc. are serving as joint book-running managers for the offering.