Business Context and Reporting Period
Company: Runway Growth Credit Fund Inc. (Note: Input metadata referenced "Runway Growth Finance Corp.", but the filing identifies the registrant as Runway Growth Credit Fund Inc.)
Filing Type: Form 8-K (Current Report)
Report Date: January 2, 2019
Event: Unregistered Sale of Equity Securities (Item 3.02)
Key Financial Metrics
This filing reports a specific capital raise event rather than periodic financial performance metrics (e.g., revenue, profit, or cash flow). The filing text does not provide a clear value for operating results, margins, or existing debt levels.
| Metric | Value |
|---|---|
| Shares Issued | 4,344,963.791 |
| Aggregate Offering Price | $66,000,000 |
| Par Value per Share | $0.01 |
| Expected Closing Date | On or about January 15, 2019 |
Material Changes
The material change reported is the delivery of a capital drawdown notice to investors. This represents an increase in equity capital pending the closing of the transaction. The sale is conducted pursuant to subscription agreements requiring investors to fund drawdowns on an as-needed basis with a minimum of 10 business days' prior notice.
Guidance, Outlook, and Risks
Regulatory Status: The issuance and sale of Common Stock are exempt from registration requirements under Section 4(a)(2) of the Securities Act of 1933, as amended, pursuant to Regulation D or Regulation S.
Management Commentary: The filing contains no forward-looking guidance, outlook, or discussion of risks beyond the standard disclosure of the unregistered sale mechanics.
Investor Verification Checklist
- Verify the closing of the $66,000,000 capital raise on or about January 15, 2019.
- Confirm the total number of authorized shares and the impact of this issuance on existing shareholder dilution.
- Review the specific terms of the Subscription Agreements regarding future capital drawdown obligations.
- Check subsequent filings for the actual receipt of funds and updated balance sheet liquidity.