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) delivers flexible capital solutions to growth-stage companies through senior secured loans. This news hub provides investors and stakeholders with timely updates on strategic developments, financial performance, and industry leadership from this specialty finance provider.
Access comprehensive coverage of RWAY's activities in technology, life sciences, and business services sectors. Our curated news stream includes earnings announcements, portfolio company updates, management insights, and strategic partnerships – all essential for assessing the company's credit-first approach to venture debt.
Bookmark this page for direct access to press releases and verified news about RWAY's lending activities, risk management practices, and market positioning. Regular updates ensure you stay informed about this alternative finance leader's role in supporting non-dilutive growth capital solutions.
Runway Growth Finance Corp. (Nasdaq: RWAY) has expanded its revolving credit facility, increasing total commitments to $500 million from KeyBank Specialty Finance, CIBC Bank USA, and other lenders. The credit facility, which has a maturity date of April 20, 2026, allows borrowings with interest based on the Adjusted Term SOFR plus a margin of 2.95% to 3.35% depending on the company's leverage. CFO Tom Raterman emphasized that this expansion enhances liquidity and positions the company to meet demand for creative financing solutions, maintaining over $200 million in available liquidity. KeyBank expressed its commitment to supporting Runway Growth's mission in the venture debt market.
Runway Growth Finance Corp. (NASDAQ: RWAY) has announced the release date for its first quarter 2023 financial results, set for May 9, 2023, after the market closes. The company will hold a conference call at 2:00 PM PT (5:00 PM ET) to discuss the results. Participants can register for the call on the Runway Growth Investor Relations website and are encouraged to register in advance. Runway Growth specializes in providing flexible capital solutions to late- and growth-stage companies, positioning itself as a viable alternative to equity financing. The firm is externally managed by Runway Growth Capital LLC, established in 2015. Forward-looking statements in the press release caution potential risks including market volatility and the impact of COVID-19.
Runway Growth Finance Corp. (Nasdaq: RWAY) completed seven investments worth $12.9 million into its portfolio during the first quarter of 2023, signaling a strong commitment to late-stage growth companies. Among these investments are notable contributions to Brivo Systems and Epic IO Technologies, enhancing their growth potential. The company reported net originations of $2.8 million and experienced liquidity events amounting to $10.2 million. Despite economic uncertainties, Runway Growth maintains a focus on senior secured loans and aims to provide minimally dilutive capital. With a portfolio consisting of 59 debt and 55 equity investments, the firm emphasizes strong communication with portfolio companies to navigate market challenges effectively.
FAQ
What is the current stock price of Runway Growth Finance (RWAY)?
What is the market cap of Runway Growth Finance (RWAY)?
