Welcome to our dedicated page for Runway Growth Finance news (Ticker: RWAY), a resource for investors and traders seeking the latest updates and insights on Runway Growth Finance stock.
Runway Growth Finance Corp. (Nasdaq: RWAY) is a specialty finance company that focuses on providing flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity. As a business development company regulated under the Investment Company Act of 1940 and externally managed by Runway Growth Capital LLC, the firm regularly issues detailed updates on its investment portfolio, financial performance, and strategic initiatives.
This news page aggregates Runway Growth Finance’s public announcements, including quarterly financial results, portfolio and transaction updates, dividend declarations, and information about significant corporate actions. Recent releases have covered topics such as investment income, net asset value, leverage, new originations and follow-on investments, as well as liquidity events like loan repayments and equity realizations across technology, healthcare, and select consumer services and products industries.
Investors and analysts following RWAY can use this feed to monitor developments such as the company’s planned acquisition of SWK Holdings Corporation, a life science focused specialty finance company, and its integration within the BC Partners Credit platform. The news also highlights Runway Growth Finance’s approach to portfolio construction, its emphasis on senior secured loans, and its stated objective of offering an alternative to equity financing for late- and growth-stage businesses.
By reviewing the historical and ongoing news items on this page, readers can track how Runway Growth Finance manages its portfolio, declares and pays dividends, and pursues strategic transactions. Returning to this page provides a centralized view of RWAY’s press releases and related disclosures over time.
Runway Growth Finance Corp. (RWAY) reported a fourth-quarter net investment income of $10.9 million, equating to $0.28 per share, during fiscal year 2021. The annual investment income reached $71.4 million with a net asset value (NAV) of $606.2 million as of December 31, 2021. The company originated a record $216 million across six investments in Q4, contributing to a total investment portfolio of $729.5 million. The debt-to-equity leverage ratio improved to 13.4%. Additionally, the company announced an 8% increase in quarterly dividends to $0.27 per share for Q1 2022.
Runway Growth Finance Corp. (RWAY) has declared a Q1 2022 cash distribution of $0.27 per share, marking an 8.0% increase from the previous quarter. The declaration date was February 24, 2022, with the record date set for March 8, 2022, and payments scheduled for March 22, 2022. The company aims to distribute substantially all available earnings quarterly, subject to board discretion. Additionally, Runway Growth offers a dividend reinvestment plan for shareholders who do not opt-out, allowing automatic reinvestment of dividends into additional shares.
Runway Growth Capital LLC announced a term loan commitment of $13 million to Dejero, a telecommunications company specializing in diverse connectivity solutions. This loan marks Dejero's return to the Runway portfolio, reinforcing Runway's commitment to support its growth. Dejero aims to enhance its product offerings and availability through this funding. Both companies express confidence in the partnership, highlighting Dejero's strategic importance in the 5G and cloud connectivity market.
Runway Growth Finance Corp. (Nasdaq: RWAY) has successfully completed the second closing of a private placement of 4.25% Series 2021A Senior Notes due 2026, totaling $50 million, bringing the total raised to $70 million. The notes will mature on December 10, 2026, and interest is payable semiannually. The proceeds will be used to repay debt and for general corporate purposes. These notes are offered only to institutional accredited investors and have not been registered under the Securities Act.
Runway Growth Capital has finalized a $30 million senior secured term loan to EPIC IO Technologies, a leader in Big Data solutions utilizing AI and IoT. This move reflects increasing demand for growth financing from established firms. Mark Donnelly, Managing Director at Runway, noted the strong market fit of EPIC IO, while CEO Ken Mills emphasized the capital's role in advancing their mission in the IoT sector. The partnership aims to enhance EPIC's platform and growth in a rapidly evolving tech landscape.
Runway Growth Capital LLC has appointed Rachel Goldstein as Senior Vice President of Growth, aimed at enhancing deal flow and operational efficiency. Reporting to Mark Donnelly, Goldstein's role focuses on improving the sales funnel and implementing best practices to streamline origination efforts. With her prior experience at Lighter Capital, where she led significant growth in capital deployment, she is expected to leverage her skills to connect growth-stage companies with suitable capital sources. This strategic appointment is part of Runway's mission to support passionate entrepreneurs.
Runway Growth Capital announced a $75 million senior secured term loan to VertexOne, a leader in SaaS solutions for utilities in North America. This funding supports VertexOne's growth as it provides essential technology-driven services like Customer Information Systems and Mobile Workforce Management. Runway's Managing Director emphasized the rising interest in flexible debt solutions among private equity-backed companies, highlighting Runway's capability to structure loans tailored for growth opportunities. VertexOne's CEO expressed confidence in Runway's understanding of their market needs.
Runway Growth Finance Corp. (Nasdaq: RWAY) announced a rescheduled time for its fourth quarter and fiscal year 2021 financial results conference call, now set for March 3, 2022, at 3:00 p.m. PT (6:00 p.m. ET). The call will provide insights into the company's financial performance for the year. Participants can join by calling (844) 467-7753 and referencing conference ID 3790578, or through a live webcast available on the company's investor website for 90 days post-call.
Runway Growth Finance Corp. (Nasdaq: RWAY) will release its financial results for Q4 2021 and fiscal year 2021 on March 3, 2022, after market close. A conference call to discuss these results is scheduled for 2:00 p.m. PT (5:00 p.m. ET). Interested parties can join the call by dialing (844) 467-7753 or by accessing a live webcast on the company's investor website. Runway Growth specializes in providing flexible capital solutions to late-stage companies seeking alternatives to equity financing, regulated under the Investment Company Act of 1940.
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