{"id":828486,"date":"2025-03-21T08:36:26","date_gmt":"2025-03-21T12:36:26","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/runway-growth-extends-credit-facility-and-enhances-governance-profile\/"},"modified":"2025-03-21T08:36:26","modified_gmt":"2025-03-21T12:36:26","slug":"runway-growth-extends-credit-facility-and-enhances-governance-profile","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/runway-growth-extends-credit-facility-and-enhances-governance-profile\/","title":{"rendered":"Runway Growth Extends Credit Facility and Enhances Governance Profile"},"content":{"rendered":"
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MENLO PARK, Calif., March 21, 2025 (GLOBE NEWSWIRE) — Runway Growth Finance Corp. (Nasdaq: RWAY) (\u201cRunway Growth\u201d or the \u201cCompany\u201d), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today provided two operational updates. On March 18, 2025, the Company amended and extended its credit agreement with KeyBank National Association (\u201cKeyBank\u201d). In addition, the Board of Directors (the \u201cBoard\u201d) has also expanded the size of the Board from five members to eight members, as previously disclosed.<\/p>\n

\u201cThese achievements strengthen our balance sheet and enhance our governance profile on the heels of Runway Growth Capital\u2019s completed merger with BC Partners Credit,\u201d said David Spreng, Founder and CEO of Runway Growth. \u201cOur appointments add industry expertise and bolster our Board with key public company experience. Further, our revised credit agreement provides Runway Growth with additional financial flexibility as we seek to optimize our portfolio through an expanded suite of financing solutions for current and prospective borrowers. We believe these operational milestones will lead to strong performance and, in turn, generate attractive returns for our stockholders in the months and years to come.\u201d<\/p>\n

\n Credit Agreement<\/strong>
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The amended credit agreement extends the maturity date and revolving period for the Company\u2019s credit facility. Additionally, the revised agreement permits expanded financing solutions that Runway Growth can offer its borrowers. These include but are not limited to: cash flow based loans, asset based loans and recurring revenue loans. The facility is led by KeyBank and includes fourteen lenders in total.<\/p>\n

\n Board Refreshment<\/strong>
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On March 13, 2025, in connection with the expanded size of the Board, the Board appointed the following individuals to serve on the Board, effective March 21, 2025:<\/p>\n