Runway Growth Finance Corp. Stock Price, News & Analysis

Runway Growth Finance Corp. (RWAY) reported significant achievements in Q4 2021, recording a loan origination volume of $216 million for the quarter and $563 million for the year. Total loan commitments reached $1.4 billion with $1.2 billion funded since inception. The company completed six investments, including major loans to VertexOne, Epic IO, and Dejero Labs. Additionally, liquidity events totaled $103.2 million, driven by prepayments from Credit Sesame and refinancings from INRIX and Allurion, highlighting successful capital deployment and growth strategies.

Runway Growth Capital has secured a senior term loan commitment of $65 million to Snagajob, the largest marketplace for hourly jobs in the U.S. This investment aims to enhance Snagajob's technology and market presence. The partnership allows Snagajob to refinance existing facilities and acquire additional capital to meet growing demand in the evolving job market. Runway, a lender to fast-growing companies, continues to expand its venture debt portfolio amidst a trend where businesses opt for debt financing to avoid equity dilution.

Runway Growth Finance Corp. (RWAY) announced the issuance of $70 million in 4.25% Series 2021A Senior Notes, due 2026. The initial closing of $20 million occurred on December 10, 2021, with the remaining $50 million expected by February 10, 2022. Proceeds will be used for debt repayment and strategic investments. CEO David Spreng stated this offering enhances liquidity and financial flexibility, positioning the company for growth in 2022. The notes are offered solely to institutional accredited investors and will not be registered under the Securities Act.

Runway Growth Finance Corp. (Nasdaq: RWAY) announced a private placement of $70 million in 4.25% Senior Notes due 2026. The first closing of $20 million is anticipated on December 10, 2021, followed by a second closing of $50 million around February 10, 2022. Proceeds may be used to repay debt, invest in companies, or for general corporate purposes. The notes are not registered under the Securities Act and will be offered only to accredited institutional investors. Runway Growth specializes in providing flexible capital solutions to late-stage and growth companies.

Runway Growth Finance Corp. (RWAY) reported strong financial results for Q3 2021, with a net investment income of $10.7 million or $0.32 per share. The company raised $100 million from its IPO in October 2021, funding six investments totaling $101.3 million. The portfolio yield on debt investments was 15.3%, and the net asset value stood at $14.60 per share. A quarterly dividend of $0.25 per share was declared, marking the fifteenth consecutive distribution. As of September 30, 2021, total assets were valued at $504.2 million.

Runway Growth Finance Corp. (RWAY) declared its fourth quarter 2021 cash distribution of $0.25 per share, marking the company's inaugural quarterly dividend as a publicly traded entity. Key dates include:

• Declaration Date: October 28, 2021
• Record Date: November 8, 2021
• Payment Date: November 22, 2021

This distribution reflects Runway Growth's commitment to distribute substantially all available earnings regularly. The company offers an opt-out dividend reinvestment plan for shareholders.

Runway Growth Finance Corp. (RWAY) announced it will release its Q3 2021 financial results after market close on November 4, 2021. The company focuses on providing flexible capital solutions to late-stage and growth companies as an alternative to equity financing. A conference call will follow the announcement at 1:30 p.m. PT (4:30 p.m. ET) for discussion of the results, accessible via phone or a live webcast. Runway Growth is externally managed by Runway Growth Capital LLC and has elected to be regulated as a business development company.

Runway Growth Finance Corp. announced the pricing of its initial public offering (IPO) of 6,850,000 shares at $14.60 each, set to trade on Nasdaq under the symbol RWAY starting October 21, 2021. An additional 1,027,500 shares may be purchased by underwriters. The IPO proceeds will primarily be used to reduce existing debt and for future investments. The offering's closing is contingent on market conditions. Joint book-running managers include J.P. Morgan and Morgan Stanley, with a registration statement effective as of October 20, 2021.