Runway Growth Finance Corp

Runway Growth Finance Corp. is a specialty finance company. It focuses on providing senior secured loans to high growth-potential companies in technology, life sciences, healthcare information and services, business services, select consumer services and products and other high-growth industries. The company was founded on August 31, 2015 and is headquartered in Chicago, IL.

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Runway Growth Finance Corp reports solid Q2 performance and strategic opportunities

Runway Growth Finance Corp's Q2 performance reflects a strategic focus on managing investments in a cautious market environment.
Despite challenges such as expected prepayment activity, the company maintains strong liquidity and opportunities for strategic capital deployment.
With a solid performance, focus on credit quality, and approved stock repurchase program, Runway positions itself for continued growth and value creation.

Runway Growth Finance Corp reports solid Q3 performance and strategic acquisition

Runway Growth Finance Corp's Q3 performance reflects resilience and strategic positioning for growth amidst market challenges and opportunities.
The company's focus on enhancing shareholder value through acquisitions, stock repurchases, and prudent financial management underscores a commitment to long-term success.
While facing challenges with nonaccrual loans and moderate leverage, Runway Growth Capital's strong liquidity and investment portfolio provide a solid foundation for future growth and value creation.

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Runway Growth Finance Corp. is a closed-end investment company, which engages in the provision of senior secured loans to high growth-potential companies in technology, life sciences, healthcare information and services, business services, select consumer services and products, and other high-growth industries. The company was founded by Robert David Spreng on August 31, 2015 and is headquartered in Chicago, IL.

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ONWARD® Medical Obtains Debt Financing with up to €52.5 Million Secured Loan from Runway Growth Capital LLC

Runway Growth Finance is a VC-focused BDC for which I issued a bull thesis in December 2023. Since then, RWAY has experienced a rather volatile ride and underperformed the BDC market. In this article, I elaborate on RWAY's Q1, 2024 earnings report and justify my decision to recommend avoiding this BDC now.

Runway Growth Finance: Right Moment To Step Away From This BDC

Runway Growth Finance is a business development company that focuses on late-stage growth companies and venture capital. RWAY has a high dividend yield of 13.6%, making it appealing for investors prioritizing current income generation. RWAY's portfolio consists of diverse investments, with a focus on healthcare technology, application software, and information software and services.

Runway Growth Finance: Solid BDC But Stagnant NAV Due To Decreased Venture Deals

MENLO PARK, Calif., May 09, 2024 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (the “Company” or Runway Growth”), a specialty finance company focused on providing senior secured loans to high growth-potential companies in technology, life sciences, healthcare information and services, business services, select consumer services and products and other high-growth industries, today announced the pricing of the previously announced underwritten secondary offering of 3,750,000 shares of its common stock by OCM Growth Holdings LLC (the “Selling Stockholder”), pursuant to a registration statement filed with the Securities and Exchange Commission (the “SEC”), at a public offering price of $11.50 per share. In connection with the offering, the Selling Stockholder has granted the underwriters a 30-day option to purchase up to 562,500 additional shares of the common stock offered by the Selling Stockholder. Subject to customary closing conditions, the offering is expected to settle and close on or about May 14, 2024. Runway Growth is not selling any shares of its common stock in the offering and will not receive any proceeds from the offering.

Runway Growth Finance Corp. Announces Pricing of Secondary Offering of Common Stock by Selling Stockholder

MENLO PARK, Calif., May 09, 2024 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (the “Company” or “Runway Growth”) a specialty finance company focused on providing senior secured loans to high growth-potential companies in technology, life sciences, healthcare information and services, business services, select consumer services and products and other high-growth industries, today announced a proposed underwritten secondary offering of 3,750,000 shares of its common stock by OCM Growth Holdings LLC (the “Selling Stockholder”) pursuant to a registration statement filed with the Securities and Exchange Commission (the “SEC”). In connection with the proposed offering, the Selling Stockholder intends to grant the underwriters a 30-day option to purchase up to an additional 562,500 shares of the common stock offered by the Selling Stockholder.

Runway Growth Finance Corp. Announces Secondary Offering of Common Stock by Selling Stockholder

Delivered Total and Net Investment Income of $40.0 million and $18.7 million, Respectively Investment Portfolio of $1.0 billion Chairman, President and CEO David Spreng Returns from Medical Leave Conference Call Today, Tuesday, May 7, 2024 at 5:00 p.m. ET MENLO PARK, Calif.

Runway Growth Finance Corp. Reports First Quarter 2024 Financial Results

MENLO PARK, Calif., May 01, 2024 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today announced that its Board of Directors has declared a second quarter 2024 regular dividend of $0.40 per share. In addition, the Board of Directors declared a supplemental dividend of $0.07 per share, for the second quarter of 2024.

Runway Growth Finance Corp. Announces Second Quarter Regular Dividend of $0.40 and $0.07 Supplemental Distribution

Runway Growth Finance Corp. (RWAY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Runway Growth Finance Corp. (RWAY) Reports Next Week: Wall Street Expects Earnings Growth

The funding will enable CarNow to accelerate product development and enhance its suite of digital retailing solutions to drive innovation in the car industry. MENLO PARK, Calif.

Runway Growth Capital Provides a $40 Million Growth Investment to CarNow

MENLO PARK, Calif., April 11, 2024 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today announced that it will release its first quarter 2024 financial results after market close on Tuesday, May 7, 2024. Runway Growth will discuss its financial results on a conference call that day at 2:00 p.m. PT (5:00 p.m. ET).

Runway Growth Finance Corp. Announces Date for First Quarter 2024 Financial Results and Conference Call

Completed Two Investments in New and Existing Portfolio Companies Representing $25.0 Million in Funded Loans Completed Two Investments in New and Existing Portfolio Companies Representing $25.0 Million in Funded Loans

Runway Growth Finance Corp. Provides First Quarter 2024 Portfolio Update

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Runway Growth Finance is a specialty finance company that provides flexible capital solutions to late-stage and growth companies.

Runway Growth: Venture Growth BDC Now On Sale After Q4 Earnings Drop

Runway Growth Finance Corp. (NASDAQ:RWAY) Q4 2023 Results Conference Call March 7, 2024 5:00 PM ET

Runway Growth Finance Corp. (RWAY) Q4 2023 Earnings Call Transcript

Delivered Total and Net Investment Income of $39.2 million and $18.3 million, Respectively Investment Portfolio of $1.0 billion Conference Call Today, Thursday, March 7, 2024 at 5:00 p.m. ET MENLO PARK, Calif.

Runway Growth Finance Corp. Reports Fourth Quarter and Fiscal Year Ended 2023 Financial Results

MENLO PARK, Calif., March 07, 2024 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today announced that the Company has established a joint venture (“JV”) with Cadma Capital Partners (“Cadma”), a credit financing platform for the venture and growth ecosystem that is an affiliate of Apollo Global Management. Cadma provides asset-backed financing to venture and growth lenders, high-growth companies, and financial sponsors.

Runway Growth Finance Corp. Announces Joint Venture with Cadma Capital Partners

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MENLO PARK, Calif., Feb. 01, 2024 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today announced that its Board of Directors has declared a first quarter 2024 regular cash distribution of $0.40 per share. In addition, the Board of Directors declared a supplemental dividend of $0.07 per share, for the first quarter of 2024.

Runway Growth Finance Corp. Announces First Quarter Regular Dividend of $0.40 and $0.07 Supplemental Distribution

Demand for debt remains strong, interest in non-bank specialty lenders is on the rise, and lender reputation has become increasingly important following the collapse of Silicon Valley Bank. MENLO PARK, Calif.

Runway Growth Capital Announces Results From Third Venture Debt Review Survey

MENLO PARK, Calif., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today announced that it will release its fourth quarter and full year 2023 financial results after market close on Thursday, March 7, 2024. Runway Growth will discuss its financial results on a conference call that day at 2:00 p.m. PT (5:00 p.m. ET).

Runway Growth Finance Corp. Announces Date for Fourth Quarter and Full Year 2023 Financial Results and Conference Call

MENLO PARK, Calif., Jan. 11, 2024 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today provided an operational and portfolio update for the fourth quarter ended December 31, 2023.

Runway Growth Finance Corp. Provides Fourth Quarter 2023 Portfolio Update

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Runway Growth Finance focuses on providing capital to VC-backed late-stage growth companies that have reached a sufficient level of maturity where it makes sense to avoid equity dilution. While RWAY is a VC-focused BDC and currently provides a very high dividend yield of 12.6%, the underlying portfolio and leverage are structured in a very conservative manner. In this article, I explain why RWAY is a clear buy for investors, who seek high and stable dividend yield.

News for Runway Growth Finance Corp Stock (RWAY)