RWAY Stock Recent News

All amounts are stated in United States dollars, unless otherwise indicated All amounts are stated in United States dollars, unless otherwise indicated

Runway Growth Capital will continue to operate independently and serve as the external investment adviser to Runway Growth Finance Corp. (Nasdaq: RWAY), with the current team remaining in place Runway Growth Capital will leverage BC Partners Credit's extensive platform, resources, and scale to accelerate capital formation and diversify financing options for both investors and borrowers MENLO PARK, Calif. and NEW YORK , Jan. 30, 2025 /PRNewswire/ -- Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity, and BC Partners Credit, the $8 billion credit arm of BC Partners, an approximately $40 billion AUM alternative investment firm, today announced that they, along with Mount Logan Capital, a Canadian alternative asset management company internally managed by employees of BC Partners Credit, closed a transaction whereby private investment funds advised by BC Partners Credit, and Moun

Despite recent headwinds and credit quality concerns, Runway Growth Finance Corp.'s 14.7% dividend yield is likely safe in the near term due to strong balance sheet and buybacks. Lower interest rates should provide tailwinds, potentially increasing deal volumes and positively impacting BDC financials, but recent performance warrants a downgrade from buy to hold. RWAY's leverage has increased but remains below peers, and their discount to NAV is justified given recent financial instability and performance.

Runway Growth Finance Corp. offers baby bonds with yields above 8%, making them attractive for low-duration portfolios. RWAY's financial strength is comparable to that of investment-grade issuers in the sector. Its profitability and asset coverage are strong, but there are concerns about debt maturities and problem loans. Both bonds trade below par, and their yields are sensitive to market movements; strategic trading can maximize returns.

Runway Growth Finance Corp (RWAY) is a BDC focusing on senior-secured loans to late-stage growth companies, with its manager recently acquired by BC Partners. RWAY's balance sheet shows $1 billion in assets, $0.56 billion in liabilities, and a high debt/equity ratio of 108%. The BDC's credit facility is set to end its availability. The BDC over-distributes, leading to NAV erosion and market penalization, trading at 84% of book value due to unsustainable high distribution yields.

MENLO PARK, Calif., Jan. 16, 2025 (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 provided an operational and portfolio update for the fourth quarter ended December 31, 2024.

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Funding will enable VertexOne to optimize its platform, expand market presence, and support the acquisition of Accelerated Innovations. MENLO PARK, Calif.

MENLO PARK, Calif., Oct. 15, 2024 (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 2024 financial results after market close on Tuesday, November 12, 2024. Runway Growth will discuss its financial results on a conference call that day at 2:00 p.m. PT (5:00 p.m. ET).

MENLO PARK, Calif., Oct. 08, 2024 (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 provided an operational and portfolio update for the third quarter ended September 30, 2024.