On April 7, 2025, Runway Growth Finance Corp. (the “Company”) entered into Master Note Purchase Agreement, dated April 7, 2025 (“Note
Purchase Agreement”), governing the issuance of 7.51% Series 2025A Senior Notes due April 7, 2028 (the “Series 2025A Notes”), in aggregate principal
amount of $107.0 million, to institutional investors in a private placement.
The Series 2025A Note has a fixed interest rate of 7.51% per year. The Company intends to use the net proceeds from the offering of the Series
2025A Notes to repay outstanding indebtedness, make investments in accordance with the Company’s investment objective and investment strategy and for
other general corporate purposes of the Company. The Series 2025A Notes was issued on April 7, 2025 and will mature on April 7, 2028 unless redeemed, purchased or prepaid prior to such date
by the Company in accordance with the terms of the Note Purchase Agreement. Interest on the Series 2025A Notes Note will be due semiannually on April
7 and October 7 of each year, beginning on October 7, 2025. As of 2025-04-11, the Fund’s leverage was 50.6% and Debt Focused BDC Group leverage was 51.3%.
