Runway Growth Finance Corp

Runway Growth Finance Corp. is a specialty finance company. It focuses on providing senior secured loans to high growth-potential companies in technology, life sciences, healthcare information and services, business services, select consumer services and products and other high-growth industries. The company was founded on August 31, 2015 and is headquartered in Chicago, IL.

Earnings data Q3 2021

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Runway Growth Finance Corp reports solid Q2 performance and strategic opportunities

Runway Growth Finance Corp's Q2 performance reflects a strategic focus on managing investments in a cautious market environment.
Despite challenges such as expected prepayment activity, the company maintains strong liquidity and opportunities for strategic capital deployment.
With a solid performance, focus on credit quality, and approved stock repurchase program, Runway positions itself for continued growth and value creation.

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Runway Growth Finance Corp. is a closed-end investment company, which engages in the provision of senior secured loans to high growth-potential companies in technology, life sciences, healthcare information and services, business services, select consumer services and products, and other high-growth industries. The company was founded by Robert David Spreng on August 31, 2015 and is headquartered in Chicago, IL.

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MENLO PARK, Calif., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (the “Company” or “Runway Growth”), a specialty finance company focused on providing senior secured loans to high growth-potential companies in technology, life sciences, healthcare information and services, business services, select consumer services and products and other high-growth industries, today announced the pricing of the previously announced underwritten secondary offering of 3,750,000 shares of its common stock by OCM Growth Holdings LLC and Oaktree Opportunities Fund XB Holdings (Delaware), L.P. (collectively, the “Selling Stockholders”), pursuant to a registration statement filed with the Securities and Exchange Commission (the “SEC”), at a public offering price of $12.56 per share. In connection with the offering, the Selling Stockholders have granted the underwriters a 30-day option to purchase up to 562,500 additional shares of the common stock offered by the Selling Stockholders. Subject to customary closing conditions, the offering is expected to settle and close on or about November 16, 2023. Runway Growth is not selling any shares of its common stock in the offering and will not receive any proceeds from the offering.

Runway Growth Finance Corp. Announces Pricing of Secondary Offering of Common Stock by Selling Stockholders

MENLO PARK, Calif., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (the “Company” or “Runway Growth”) a specialty finance company focused on providing senior secured loans to high growth-potential companies in technology, life sciences, healthcare information and services, business services, select consumer services and products and other high-growth industries, today announced a proposed underwritten secondary offering of 3,750,000 shares of its common stock by OCM Growth Holdings LLC and Oaktree Opportunities Fund XB Holdings (Delaware), L.P. (collectively, the “Selling Stockholders”) pursuant to a registration statement filed with the Securities and Exchange Commission (the “SEC”). In connection with the proposed offering, the Selling Stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 562,500 shares of the common stock offered by the Selling Stockholders.

Runway Growth Finance Corp. Announces Secondary Offering of Common Stock by Selling Stockholders

Runway Growth Finance Corp. (NASDAQ:RWAY ) Q3 2023 Earnings Conference Call November 7, 2023 5:00 PM ET Company Participants Greg Greifeld - Investment Adviser and Acting CEO Tom Raterman - CFO, COO, Secretary, Treasurer and Acting President Conference Call Participants Mickey Schleien - Ladenburg Melissa Wedel - JPMorgan Bryce Rowe - B. Riley Securities Erik Zwick - Hovde Group Vilas Abraham - UBS Operator Ladies and gentlemen, thank you for standing by, and welcome to the Runway Growth Finance Third Quarter 2023 Earnings Conference Call.

Runway Growth Finance Corp. (RWAY) Q3 2023 Earnings Call Transcript

Delivered Total and Net Investment Income of $43.8 and $22.0 Million, Respectively Investment Portfolio of $1.0 Billion Conference Call Today, Tuesday, November 7, at 5:00 p.m. ET MENLO PARK, Calif.

Runway Growth Finance Corp. Reports Third Quarter 2023 Financial Results

MENLO PARK, Calif., Nov. 03, 2023 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today announced that its Board of Directors has declared a fourth quarter 2023 cash distribution of $0.40 per share. In addition, the Board of Directors declared a supplemental dividend of $0.06 per share, for the fourth quarter of 2023.

Runway Growth Finance Corp. Announces Fourth Quarter Dividend of $0.40 with $0.06 Supplemental Distribution

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Runway Growth Finance Corp. (RWAY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Runway Growth Finance Corp. (RWAY) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

MENLO PARK, Calif., Oct. 10, 2023 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today announced that it will release its third quarter 2023 financial results after market close on Tuesday, November 7, 2023. Runway Growth will discuss its financial results on a conference call that day at 2:00 p.m. PT (5:00 p.m. ET).

Runway Growth Finance Corp. Announces Date for Third Quarter 2023 Financial Results and Conference Call

Runway Growth Finance is paying out a 13.1% regular dividend yield that's 123% covered by net investment income. The BDC is currently swapping hands at a 15% discount to NAV per share as of the end of second quarter of its fiscal 2023. NAV has been dipping, with the BDC also taking a conservative approach to new investments.

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Business Development Companies (BDCs) have performed well during rate hikes, unlike REITs, due to their high yields. Runway Growth Finance is a lesser-known BDC that focuses on technology, life sciences, healthcare, and select consumer services. RWAY has a growing and diversified portfolio, a strong management team, a conservative balance sheet, and a high dividend yield of over 12%.

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Runway Growth Finance Corp. (NASDAQ:RWAY ) Q2 2023 Earnings Conference Call August 8, 2023 5:00 PM ET Company Participants Mary Friel - Assistant Vice President, Business Development and Investor Relations Greg Greifeld - Investment Adviser and Acting Chief Executive Officer Tom Raterman - Chief Financial Officer, Chief Operating Officer, Secretary, Treasurer and Acting President Conference Call Participants Erik Zwick - Hovde Group Melissa Wedel - JPMorgan Bryce Rowe - B. Riley Securities Operator Ladies and gentlemen, thank you for standing-by and welcome to the Runway Growth Finance Second Quarter 2023 Earnings Conference Call.

Runway Growth Finance Corp. (RWAY) Q2 2023 Earnings Call Transcript

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Runway Growth Finance Corp. (RWAY) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.35 per share a year ago.

Runway Growth Finance Corp. (RWAY) Tops Q2 Earnings and Revenue Estimates

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Runway Growth Finance Corp. Reports Second Quarter 2023 Financial Results

MENLO PARK, Calif., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today announced that its Board of Directors has declared a third quarter 2023 cash distribution of $0.40 per share. In addition, the Board of Directors declared a supplemental dividend of $0.05 per share, for the third quarter of 2023. Runway Growth intends to declare and pay a similar supplemental dividend for each subsequent fiscal quarter during 2023, subject to future approval by the Board of Directors.

Runway Growth Finance Corp. Announces Third Quarter Dividend of $0.40 with $0.05 Supplemental Distribution

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MENLO PARK, Calif., July 31, 2023 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today released the following statement:

News for Runway Growth Finance Corp Stock (RWAY)