Completed Seven Investments in New and Existing Portfolio Companies Representing $75.3 Million in Funded Investments MENLO PARK, Calif., Oct. 08, 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 third quarter ended September 30, 2024. "Runway Growth added attractive inve ...

Grafissimo Overview The rapidly changing interest rate environment really exposed the true quality of many business development companies. While interest rates sit at their decade high, it is expected that business development companies are capable of generating elevated levels of earnings through net investment income. However, there are some BDCs that have failed to capitalize during this higher interest rate environment and have fallen short against peers. Runway Growth Finance (NASDAQ:RWAY) operates as ...

Runway Growth Finance Corp. (RWAY) came out with quarterly earnings of $0.37 per share, missing the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.49 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -13.95%. A quarter ago, it was expected that this company would post earnings of $0.46 per share when it actually produced earnings of $0.46, delivering no surprise. Over the last four quarters, the co ...

MENLO PARK, Calif., July 31, 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 third quarter 2024 regular cash distribution of $0.40 per share. In addition, the Board of Directors declared a supplemental dividend of $0.05 per share, for the third quarter of 2024. The follo ...

MENLO PARK, Calif., July 31, 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 third quarter 2024 regular cash distribution of $0.40 per share. In addition, the Board of Directors declared a supplemental dividend of $0.05 per share, for the third quarter of 2024. The foll ...

"Runway Growth delivered portfolio expansion in the second quarter while maintaining our disciplined approach to underwriting and credit quality," said David Spreng, Founder and CEO of Runway Growth. "As we evaluate the current late- and growth-stage market, we are confident that more high-quality companies are seeking non-dilutive capital to advance their strategic roadmaps. Our borrowers continue to generate strong performance in the existing operating environment, and we look forward to partnering with a ...

Core Insights - Runway Growth has successfully expanded its portfolio in Q2 2024 while maintaining a disciplined approach to underwriting and credit quality, indicating confidence in the demand for non-dilutive capital among high-quality companies [1][6] - The company completed two significant investments totaling $75.5 million, including a $58.4 million investment in a marketing technology enterprise SaaS platform and a $56.1 million senior secured term loan to Onward Medical N.V. [1][10] - As of June 30, 2024, Runway Growth's portfolio consisted of 47 debt investments across 31 companies and 83 equity investments in 52 companies, showcasing a diverse investment strategy focused on late and growth-stage businesses in technology, life sciences, and consumer services [3][7] Investment Activity - In Q2 2024, Runway Growth funded two new portfolio companies, reflecting its strategy to support high-quality late-stage companies in the venture debt market [7] - The company experienced a prepayment of $25.3 million on a senior secured term loan to Turning Tech Intermediate, Inc., along with scheduled principal amortization of $1.3 million [2][7] Portfolio Management - Runway Growth emphasizes a credit-first approach, maintaining high investment standards despite prolonged high interest rates, which positions it as a preferred lender in the venture debt space [7] - The company has a low leverage ratio and sufficient capital reserves, allowing it to deploy funds effectively across its core sectors [7][8]

MENLO PARK, Calif., July 09, 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 second quarter 2024 financial results after market close on Thursday, August 8, 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). To participate in the conferenc ...

The facility is divided into five individual credit tranches. The first initial credit tranche of €16.0 million will be available upon signing of the Loan Agreement and will be drawn down immediately. Three subsequent credit tranches of €14.0 million, up to €5.0 million and up to €7.5 million will be available to be drawn by the Company until March 31, 2025, July 31, 2026 and January 31, 2027 respectively, in each case subject to the Company's achievement of certain milestones under the Loan Agreement. The ...

Runway Growth Finance Corp. (NASDAQ:RWAY) Q1 2024 Earnings Conference Call May 7, 2024 5:00 PM ET Company Participants Quinlan Abel - Investor Relations David Spreng - Chairman, President and Chief Executive Officer Greg Greifeld - Managing Director, Deputy Chief Investment Officer and Head, Credit of Runway Growth Capital Tom Raterman - Chief Financial Officer and Chief Operating Officer Conference Call Participants Melissa Wedel - JPMorgan Casey Alexander - Compass Point Research and Trading Bryce Rowe - ...