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.

Earnings data Q3 2021

Earnings data Q4 2021

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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.

WOODSIDE, Calif., July 21, 2022 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (the “Company”) (Nasdaq: RWAY), an externally managed business development company, today announced that it has priced an underwritten public offering of $70 million aggregate principal amount of notes due 2027 (the “Notes”), which will result in net proceeds to the Company of approximately $67.9 million after payment of underwriting discounts and commissions but before deducting expenses payable by the Company related to this offering. The Notes will mature on July 28, 2027 and may be redeemed in whole or in part at any time or from time to time at the Company's option on or after July 28, 2024. The Notes will be issued in denominations of $25 and integral multiples of $25 in excess thereof and will bear interest at a rate of 7.50% per year, payable quarterly, with the first interest payment occurring on September 1, 2022. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional $10.5 million aggregate principal amount of Notes to cover overallotments, if any.

Runway Growth Finance Corp. Prices Offering of 7.50% Notes due 2027

WOODSIDE, Calif., July 14, 2022 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (“Runway Growth”) (Nasdaq: RWAY), 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 second quarter ended June 30, 2022.

Runway Growth Finance Corp. Provides Second Quarter 2022 Portfolio Update

-   Jeff Goldrich Joins Runway's Team as Managing Director, Technology, Bringing Nearly a Decade of Experience in the Technology Sector  - WOODSIDE, Calif. , July 13, 2022 /PRNewswire/ -- Runway Growth Capital LLC ("Runway" or the "Company"), a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, announced today that it has hired Jeff Goldrich as Managing Director, Technology.

Runway Growth Capital LLC Announces New Senior Origination Hire to Expand its Technology Pipeline

WOODSIDE, Calif., July 08, 2022 (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 2022 financial results after market close on Thursday, August 4, 2022. Runway Growth will discuss its financial results on a conference call that day at 3:00 p.m. PT (6:00 p.m. ET).

Runway Growth Finance Corp. Announces Date for Second Quarter 2022 Financial Results and Conference Call

WOODSIDE, Calif. , June 29, 2022 /PRNewswire/ -- Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, today announced the close of a senior secured term loan of $50 million to Interactions.

Runway Growth Capital Announces a Senior Secured Term Loan of $50 Million to Interactions

WOODSIDE, Calif., June 02, 2022 (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 David Spreng, Founder and Chief Executive Officer, and Tom Raterman, Chief Financial Officer and Chief Operating Officer, will participate in the 2022 Wells Fargo BDC Power Alley Conference.

Runway Growth to Participate in Wells Fargo BDC Alley

Runway Growth Finance Corp. (RWAY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Runway Growth Finance Corp. (RWAY) Upgraded to Buy: Here's Why

Runway Growth Finance Corp. (NASDAQ:RWAY ) Q1 2022 Earnings Conference Call May 5, 2022 6:00 PM ET Company Participants Mary Friel - Assistant Vice President, Business Development & Investor Relations David Spreng - Chairman, President & Chief Executive Officer Tom Raterman - Chief Financial Officer, Chief Operating Officer, Secretary & Treasurer Conference Call Participants Fin O'Shea - Wells Fargo Brock Vandervliet - UBS Mickey Schleien - Ladenburg Thalmann Melissa Wedel - JPMorgan Operator Ladies and gentlemen, thank you for standby, and welcome to the Runway Growth Finance First Quarter 2022 Earnings Conference Call. Please be advised that today's conference is being recorded.

Runway Growth Finance Corp. (RWAY) CEO David Spreng on Q1 2022 Results - Earnings Call Transcript

Achieves Record Total and Net Investment Income of $19.3 and $12.5 Million, Respectively

Runway Growth Finance Corp. Reports First Quarter 2022 Financial Results

Runway Growth Finance Corp. (RWAY) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.

Runway Growth Finance Corp. (RWAY) Is a Great Choice for "Trend" Investors, Here's Why

WOODSIDE, Calif., April 29, 2022 (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 its Board of Directors has declared a second quarter 2022 cash distribution of $0.30 per share. This dividend represents an increase of 11.0% over the dividend declared in the prior quarter.

Runway Growth Announces Second Quarter 2022 Dividend of $0.30

WOODSIDE, Calif., April 14, 2022 (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 2022 financial results after market close on Thursday, May 5, 2022. The Company will discuss its financial results on a conference call that day at 3:00 p.m. PT (6:00 p.m. ET).

Runway Growth Finance Corp. Announces Date for First Quarter 2022 Financial Results and Conference Call

WOODSIDE, Calif., April 07, 2022 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (“Runway Growth”) (Nasdaq: RWAY), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today announced a portfolio update for the first quarter ended March 31, 2022.

Runway Growth Finance Provides First Quarter 2022 Portfolio Update

Deal Further Diversifies Runway's Life Sciences Portfolio With A Recession Resilient Business Targeting The Rapidly Growing Medical Aesthetics Market WOODSIDE, Calif., April 5, 2022 /PRNewswire/ -- Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, today announced the close of a senior secured term loan of $25 million to Revelle Aesthetics, Inc. ("Revelle"), a developer of novel medical devices for women's most bothersome aesthetic needs.

Runway Growth Capital Announces a Senior Secured Term Loan of $25 Million to Revelle Aesthetics

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2 Cheap Stocks to Buy During the Market Rebound and Hold

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Runway Growth Finance Corp. (RWAY) is on the Move, Here's Why the Trend Could be Sustainable

Reports Quarterly and Annual Investment Income of $17.6 and $71.4 Million, Respectively

Runway Growth Finance Corp. Reports Fourth Quarter and Fiscal Year Ended 2021 Financial Results

Runway Growth (RWAY) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Is a Surprise Coming for Runway Growth (RWAY) This Earnings Season?

WOODSIDE, Calif., Feb. 25, 2022 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth”), a leading provider of flexible capital solutions to late-stage and growth companies seeking an alternative to raising equity, today announced that its Board of Directors has declared a first quarter 2022 cash distribution of $0.27 per share. This dividend represents an increase of 8.0% over the dividend declared in the prior quarter.

Runway Growth Announces First Quarter 2022 Dividend of $0.27

WOODSIDE, Calif., Feb. 16, 2022 /PRNewswire/ -- Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, today announced the close of a term loan commitment of $13 million to Dejero , a telecommunications aggregator of diverse connectivity paths including LTE and 5G cellular, satellite and broadband to deliver enhanced reliability, expanded coverage, and greater bandwidth using cloud-based technology.

Runway Growth Capital Announces a Term Loan of $13 Million to Dejero

WOODSIDE, Calif., Feb. 10, 2022 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth”), an externally managed business development company, today announced that it has completed the second closing of a private placement of 4.25% Series 2021A Senior Notes due 2026 (the “2026 Senior Notes”) pursuant to a Master Note Purchase Agreement, dated December 10, 2021. The first closing was completed for an amount of $20,000,000 on December 10, 2021 and the second closing was completed today for an amount of $50,000,000 for a total amount of $70,000,000. The second closing was subject to customary closing conditions. The 2026 Senior Notes were offered only to institutional accredited investors (as defined in Regulation D under the Securities Act of 1933, as amended (the “Securities Act”)) in reliance on Section 4(a)(2) of the Securities Act.

Runway Growth Finance Corp. Announces Second Closing of Private Placement of 4.25% Series 2021A Senior Notes Due 2026

WOODSIDE, Calif., Feb. 10, 2022 /PRNewswire/ --  Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, today announced the close of a senior secured term loan commitment of $30 million to EPIC IO Technologies , a global leader in solving Big Data challenges in multiple markets, by leveraging Artificial Intelligence, Internet of Things, and 4G/5G wireless connectivity through its open and vendor-agnostic platform, DeepInsights™.

Runway Growth Capital Announces a Senior Secured Term Loan of $30 Million to EPIC IO Technologies

WOODSIDE, Calif., Feb. 10, 2022 /PRNewswire/ -- Runway Growth Capital LLC ("Runway" or the "Company"), a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, today announced that it has hired Rachel Goldstein as Senior Vice President of Growth to improve the quantity and quality of deal flow.

Runway Growth Capital Appoints Rachel Goldstein as Senior Vice President of Growth at the Firm

WOODSIDE, Calif., Feb. 8, 2022 /PRNewswire/ --  Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, today announced the close of a senior secured term loan commitment of $75 million to VertexOne , a recognized leader in SaaS platforms for critical business processes of utilities across North America.

Runway Growth Capital Announces a Senior Secured Term Loan of $75 Million to VertexOne

WOODSIDE, Calif., Feb. 07, 2022 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth”), a leading provider of flexible capital solutions to late-stage and growth companies seeking an alternative to raising equity, today announced that it has changed the time for its fourth quarter of 2021 and fiscal year ended 2021 financial results conference call. The Company will now discuss its financial results on a conference call and webcast on Thursday, March 3, 2022 at 3:00 p.m. PT (6:00 p.m. ET).

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