KeyBank and CIBC Bank USA provides $100 mln to Runway Growth [Reuters]
Canadian Imperial Bank of Commerce (CM)
Last canadian imperial bank of commerce earnings: 2/26 05:53 am
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Source: Reuters
KeyBank and CIBC Bank USA provides $100 mln to Runway Growth Runway Growth KeyBank CIBC Bank A PRESS RELEASE CHICAGO, — Runway Growth Credit Fund Inc. (the “Fund” or “Runway Growth”), a premier lender of growth capital to sponsored and non-sponsored companies seeking alternatives to raising equity, announced that it has entered into a Credit Agreement (as borrower) with KeyBank National Association (administrative agent, syndication agent and a lender) and CIBC Bank A (documentation agent and a lender). The Credit Agreement provides for borrowings up to a maximum aggregate principal amount of $100M, with an accordion feature that could allow Runway to increase the aggregate commitments up to $200M. The funds will be used to support growth in the Fund’s loan portfolio, to continue fueling the Fund’s philosophy of relationship-driven investing that helps dynamic companies achieve their potential. Whether navigating dilution or boosting the balance sheet in anticipation of economic turb
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