Runway Growth Finance

RWAY

Market cap $240M

A double-digit dividend yield is one of the most seductive numbers on a brokerage screen, and one of the most dangerous.

Runway Growth Finance trades at a ~54% discount to NAV and yields ~25%, reflecting deep market pessimism and embedded stress assumptions. Despite declining net investment income and imminent dividend cut risk, RWAY's discount overstates likely portfolio losses, especially given its predominantly first lien, senior secured book. Cash coverage is strained, with dividends exceeding operating cash flow and rising PIK interest, making a significant dividend reduction likely in the near term.

Runway Growth Finance trades at a deep 56% discount to NAV, with a 25% yield, reflecting market pessimism on dividend coverage and credit risk. RWAY's portfolio is 99% senior secured loans, recently diversified by the SWK acquisition, which reduces concentration and boosts healthcare exposure from 13% to 32%. Management expects the SWK deal to add $0.03 to quarterly NII, nearly closing the gap to the $0.33 dividend, with a $15M buyback program enhancing NAV accretion.

The planned transition supports Runway's long-term focus on disciplined growth, capital formation, and operational continuity MENLO PARK, Calif.,, July 14, 2026 /PRNewswire/ -- Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to venture and non-venture-backed companies, today announced the completion of a planned executive leadership transition designed to support the firm's continued growth.

Adviser and affiliates commit to purchase up to 10% of common stock alongside existing repurchase program  Completed Investments in New and Existing Portfolio Companies Representing $85.8 Million in Fundings MENLO PARK, Calif., July 14, 2026 (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 quarter ended June 30, 2026, as well as an update on the Company's capital allocation strategy.

MENLO PARK, Calif., July 08, 2026 (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 it will release its second quarter 2026 financial results after market close on Thursday, August 6, 2026. Runway Growth will discuss its financial results during a conference call on Friday, August 7, 2026, at 7:00 a.m. PT (10:00 a.m. ET).

SADDLE BROOK, N.J., July 06, 2026 (GLOBE NEWSWIRE) -- Bulldog Investors, LLP, a shareholder owning more than 3% of the outstanding shares of Runway Growth Finance Corp. (NASDAQ:RWAY) with 1,127,854 shares, announced today that it is calling on management to materially expand its share repurchase program.

Shareholders in Italian broadcasting ‌tower operators Rai Way RWAY.MI and EI Towers have agreed to extend talks on a potential merger after failing to reach a deal by Monday's deadline.

MENLO PARK, Calif., May 28, 2026 (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 it has priced an underwritten public offering of $50.0 million aggregate principal amount of notes due 2029 (the “Notes”), which will result in net proceeds to the Company of approximately $48.4 million after payment of underwriting discounts, commissions, and after deducting expenses payable by the Company related to this offering. The Notes will mature on December 1, 2029 and may be redeemed in whole or in part at any time or from time to time at the Company's option on or after June 1, 2029. The Notes will be issued in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof and will bear interest at a rate of 7.00% per year, payable semi-annually on each June 1 and December 1, commencing on December 1, 2026. The offering is expected to close on May 29, 2026, subject to customary closing conditions.

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