Correspondence 0001104659-23-112625 from Runway Growth Finance Corp. (RWAY, RWAYL, RWAYZ) (CIK 0001653384) (RWAY)
Runway Growth Finance Corp. (RWAY, RWAYL, RWAYZ) (CIK 0001653384)
Date: Oct. 30, 2023 · CIK: 0001653384 · Accession: 0001104659-23-112625
AI Filing Summary & Sentiment
File numbers found in text: 333-274351
Letter
Securities and Exchange Commission Division of Investment Management 100 F Street NE Washington, DC 20549 Re: Runway Growth Finance Corp. Amended Registration Statement on Form N-2 (File No. 333-274351)
Dear Messrs. Greenspan and Ellington:
On behalf of Runway Growth Finance Corp. (the “Company”), set forth below is the Company’s response to the oral accounting comment provided by the staff of the Division of Investment Management (the “Staff”) of the Securities and Exchange Commission (the “SEC”) on October 30, 2023 regarding the Company’s amended registration statement on Form N-2 (as amended, the “Registration Statement”), including the preliminary prospectus contained therein (the “Prospectus”), which was filed on October 26, 2023. The Staff’s comment is set forth below and is followed by the Company’s response. Capitalized terms used but not defined herein have the meanings ascribed to such terms in the Registration Statement.
ACCOUNTING COMMENTS
Registration Statement Comments
1. The Fees and Expenses table on p.16 shows that the “Interest Expense” has increased by 55 basis points and “Other Expenses” has decreased by 60 basis points between the initial Form N-2 filed on September 6, 2023 and the amended Form N-2 filed on October 26, 2023. Please confirm in correspondence that changes to the Fees and Expenses table are due to moving financing fees from “Other Expenses” to “Interest Expenses”.
Response: The Company respectfully advises the Staff that changes to the Fees and Expenses table in the Registration Statement resulted primarily from the Company’s inclusion of the financing fees into “Interest payments and fees paid on borrowed funds” line item rather than the “Other Expenses” line item as well as minor refinements to the underlying estimates used in the calculations included in the table.
* * *
If you have any questions or additional comments concerning the foregoing, please contact me at (202) 383-0845.
Sincerely,
/s/ Stephani M. Hildebrandt
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Eversheds Sutherland (US) LLP
700 Sixth Street, NW, Suite 700
Washington, DC 20001-3980
D: +1 202.383.0845
F: +1 202.637.3593
stephanihildebrandt@eversheds-sutherland.com
October 30, 2023
Daniel Greenspan, Senior Counsel
Ken Ellington, Staff Accountant
Securities and Exchange Commission
Division of Investment Management
100 F Street NE
Washington, DC 20549
Re: Runway Growth Finance Corp.
Amended Registration Statement on
Form N-2 (File No. 333-274351)
Dear Messrs. Greenspan and Ellington:
On behalf of Runway Growth Finance Corp. (the
“Company”), set forth below is the Company’s response to the oral accounting comment provided by the
staff of the Division of Investment Management (the “Staff”) of the Securities and Exchange Commission (the
“SEC”) on October 30, 2023 regarding the Company’s amended registration statement on Form N-2
(as amended, the “Registration Statement”), including the preliminary prospectus contained therein (the “Prospectus”),
which was filed on October 26, 2023. The Staff’s comment is set forth below and is followed by the Company’s response.
Capitalized terms used but not defined herein have the meanings ascribed to such terms in the Registration Statement.
ACCOUNTING COMMENTS
Registration Statement Comments
1. The Fees and Expenses table on p.16 shows
that the “Interest Expense” has increased by 55 basis points and “Other
Expenses” has decreased by 60 basis points between the initial Form N-2 filed
on September 6, 2023 and the amended Form N-2 filed on October 26, 2023. Please
confirm in correspondence that changes to the Fees and Expenses table are due to moving financing
fees from “Other Expenses” to “Interest Expenses”.
Response: The Company respectfully
advises the Staff that changes to the Fees and Expenses table in the Registration Statement resulted primarily from the Company’s
inclusion of the financing fees into “Interest payments and fees paid on borrowed funds” line item rather than the “Other
Expenses” line item as well as minor refinements to the underlying estimates used in the calculations included in the table.
* * *
If you have any questions or additional comments
concerning the foregoing, please contact me at (202) 383-0845.
Sincerely,
/s/ Stephani M. Hildebrandt
Stephani M. Hildebrandt
1
Daniel Greenspan, Senior Counsel
Ken Ellington, Staff Accountant
October 30, 2023
Page 2
cc: Greg Greifeld, Runway Growth Finance Corp.
Thomas B. Raterman,
Runway Growth Finance Corp.