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 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.
Summary not available.
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.