Runway Growth Credit Fund Inc. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Runway Growth Credit Fund Inc. on June 3, 2021, reporting events that occurred on June 1, 2021. The Company is a Maryland corporation focused on credit investments.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, or liquidity metrics. The report focuses exclusively on a material amendment to the Company's credit facility.
Material Changes
On June 1, 2021, the Company entered into a Third Amendment to its Credit Agreement. The material changes include:
- Increased Capacity: The maximum aggregate commitment amount under the Credit Facility was increased from $300 million to $350 million.
- Permitted Indebtedness: The amendment allows the Company to incur Permitted Indebtedness without the prior written consent of the Administrative Agent, subject to specific limitations.
- Other Terms: Certain other terms of the Credit Agreement were amended.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook. The primary risk disclosed relates to the terms of the amended credit facility and the Company's ability to manage its indebtedness under the new provisions. The full text of the amendment is filed as Exhibit 10.1.
Investor Verification Checklist
- Verify the specific limitations on "Permitted Indebtedness" in the full text of Exhibit 10.1.
- Confirm the current utilization rate of the $350 million credit facility in subsequent quarterly reports.
- Review the identity of the lenders and administrative agents (KeyBank, CIBC Bank USA, MUFG Union Bank, U.S. Bank) for any changes in lending relationships.