Welcome to our dedicated page for Runway Growth Finance SEC filings (Ticker: RWAY), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Runway Growth Finance Corp. filings document a specialty finance company and business development company reporting framework, including investment-portfolio fair value, net investment income, net asset value, debt-investment yields, and quarterly distribution disclosures. The company's securities disclosures include common stock and listed notes due 2027 and 2031.
Regulatory records include Form 8-K reports for financial results, dividends, material agreements, and the completed SWK Holdings Corporation acquisition. Proxy materials describe director elections, auditor ratification, annual meeting procedures, and stockholder voting matters, while Form 25 records document the removal from listing and registration of the 8.00% Notes due 2027.
Runway Growth Finance Corp. is issuing $100,000,000 of 7.25% unsecured notes due February 3, 2031, with interest paid quarterly and an expected Nasdaq listing under “RWAYI.” The notes are callable at $25 per note on or after February 3, 2028.
The notes rank pari passu with Runway’s other unsecured debt and are effectively subordinated to $183.0 million of secured borrowings as of January 23, 2026. Net proceeds of about $96.75 million are expected to be used to redeem all outstanding 8.00% December 2027 notes, redeem all or part of the 7.50% July 2027 notes, and for general corporate purposes.
Runway is a BDC and RIC that focuses on senior secured lending to late- and growth-stage companies. As of September 30, 2025, it reported a $946.0 million investment portfolio and $489.5 million of net assets and disclosed preliminary year-end 2025 NAV per share between $13.41 and $13.43. The filing also highlights a pending multi-step merger with SWK Holdings to add a new credit platform, subject to closing conditions and SWK stockholder approval.
Runway Growth Finance Corp., a business development company focused on senior secured loans to high‑growth companies, plans to issue new unsecured notes due 2031. The notes will pay quarterly interest, be issued in $25 denominations, rank equally with the company’s existing unsecured notes and be effectively subordinated to secured debt and all liabilities of subsidiaries. The company intends to list the notes on Nasdaq, with trading expected to begin within 30 days of issuance.
Runway expects to use the proceeds to repay outstanding indebtedness, including redeeming some or all of its 2027 notes, to help finance its planned merger with SWK Holdings Corporation, and for general corporate purposes. It has already repaid its 8.54% Series 2023A notes due 2026 in full. Management also released preliminary estimates for December 31, 2025, net asset value per share between $13.41 and $13.43 and net investment income per share between $0.31 and $0.33, which remain subject to final closing and audit.
Runway Growth Finance Corp. provided preliminary, unaudited estimates for its quarter and year ended December 31, 2025. Management currently expects net asset value per common share to be between $13.41 and $13.43. They also estimate net investment income per common share for the same period will range from $0.31 to $0.33. These figures are management estimates only, have not been audited or reviewed by the company’s independent accounting firm, and may change once closing procedures, final valuations, and the full year-end review are completed.
Runway Growth Finance Corp. (RWAY) reported an insider transaction involving Oaktree-affiliated entities. OCM Growth Holdings LLC, listed as a director and 10% owner, sold 1,250,000 shares of Runway Growth common stock on 11/17/2025 in an open market sale coded “S” at a price of $9.05 per share. After this sale, OCM Growth Holdings LLC is shown as beneficially owning 7,029,668 shares directly. The filing is made jointly by OCM Growth Holdings LLC, Oaktree Capital Holdings and Oaktree Capital Group Holdings GP, which each state that they disclaim beneficial ownership beyond their respective economic interests.
Runway Growth Finance discussed Q3 2025 results and its proposed merger to acquire SWK Holdings, a healthcare and life sciences lender. Runway reported total investment income of $36.7 million and net investment income of $15.7 million, completing $128.3 million of funded loans across technology, healthcare and select consumer sectors.
The portfolio had $946 million in fair value, a debt yield of 16.8%, and one non‑accrual loan with a fair value of $2.4 million (0.2% of the portfolio). NAV per share was $13.55; leverage was 0.92x. Liquidity totaled $371.9 million with borrowing capacity of $364.0 million. The board declared a Q4 regular distribution of $0.33 per share; Q3 NII was $0.43 per share with spillover income of $0.53.
The parties announced a NAV‑for‑NAV merger with an estimated purchase price of ~$220 million, including $75.5 million in Runway shares valued at closing NAV and ~$145 million in cash, plus a $9 million cash contribution from the adviser. Runway expects mid‑single digit run‑rate NII accretion in the first full quarter post‑close and to increase healthcare exposure to about 31% from 14%. Closing is anticipated in early 2026.
Runway Growth Finance Corp. announced a proposed merger with SWK Holdings Corporation and outlined expected financial and portfolio impacts. The company anticipates mid single-digit run-rate net investment income (NII) accretion during the first full quarter following closing, with pro forma leverage moving to ~1.1x. Management highlighted potential benefits including enhanced scale, broader funding access, and a lowered risk profile from smaller average loan positions.
Operationally, the portfolio at fair value was $946 million as of September 30, 2025, with a weighted average debt investment yield of 16.83%. For the same period, NAV per share was $13.55 and NII per share was $0.43. The platform reported 98% first lien exposure and a cumulative net loss rate of 0.61% since inception, supported by disciplined underwriting and active monitoring. Management also cited improved trading liquidity and funding flexibility as potential post-combination advantages, subject to completion of the merger and customary conditions.
Runway Growth Finance Corp. filed its quarterly report for the period ended September 30, 2025, detailing a highly diversified portfolio of private company investments. The report focuses on fair value measurements for Level 3 assets, primarily non-control, non-affiliate senior secured loans and related warrants and equity positions.
The portfolio spans multiple industries including application and systems software, healthcare technology and equipment, financial services, data processing, media and entertainment, consumer staples and retail, and technology hardware. Many debt positions are structured as senior secured term loans or revolvers priced at SOFR- or PRIME-based floating rates with floors, plus payment-in-kind (PIK) and end-of-term payment (ETP) components, and long-dated maturities typically extending into 2027–2034.
The company also holds numerous warrants and preferred or common equity positions, often as success fees or earnouts tied to its lending relationships. The cover of the report notes that 36,134,037 shares of common stock were outstanding as of November 4, 2025, and that the common stock and certain notes are listed on the Nasdaq Global Select Market.
Runway Growth Finance Corp. furnished a press release announcing its financial results for the quarter ended September 30, 2025. The release was provided as Exhibit 99.1 under Item 2.02 Results of Operations and Financial Condition.
The information was furnished and is not deemed filed under the Exchange Act, nor incorporated by reference except as expressly stated in future filings.
Runway Growth Finance Corp. (RWAY) announced a fourth quarter 2025 regular dividend. The board declared a $0.33 per share cash distribution to stockholders of record as of the close of business on November 17, 2025. The dividend is scheduled to be paid on or about December 3, 2025. The company furnished a related press release as Exhibit 99.1.
Runway Growth Finance Corp. is planning to acquire SWK Holdings Corporation through a multi-step merger structure. A new wholly owned subsidiary will merge with SWK, which will ultimately be consolidated into Runway, with Runway as the final surviving corporation.
Each SWK share (other than cancelled shares) will be converted, at the holder’s election, into either Runway common stock based on an exchange ratio or cash equal to SWK’s per-share net asset value, plus a per-share portion of a $9,000,000 cash amount funded by Runway’s adviser. The exchange ratio will be determined by each company’s per-share net asset value calculated under GAAP as of a determination date shortly before closing.
Closing is subject to customary conditions, including effectiveness of a Form N-14 registration statement, SWK stockholder approval and no material adverse effect, as well as a condition tied to an independent valuation of SWK’s portfolio not differing by more than $5,000,000 from SWK’s carrying values. A key SWK stockholder owning 8,493,088 shares, or about 69.9% of SWK’s common stock, has agreed to vote in favor of the merger and to certain standstill restrictions regarding Runway.