MENLO PARK, Calif., (GLOBE NEWSWIRE) — Runway Growth Finance Corp. (Nasdaq: RWAY) , 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. In addition, the Board of Directors (the “Board”) has also expanded its size from five members to eight members.
“These achievements strengthen our balance sheet and enhance our governance profile on the heels of Runway Growth Capital’s completed merger with BC Partners Credit,” said David Spreng, Founder and CEO of Runway Growth. “Our 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.”
The amended credit agreement extends the maturity date and revolving period for the Company’s credit facility. Additionally, the revised agreement permits expanded financing solutions that Runway Growth can offer its borrowers, including cash flow based loans, asset based loans and recurring revenue loans. The facility is led by KeyBank and includes fourteen lenders in total.
In connection with the expanded size of the Board, Ted Goldthorpe was appointed as Chairman of the Board, while Alexander Duka and Robert Warshauer were appointed as independent directors. Additionally, in the past year, both Catherine Frey and Jennifer Kwon Chou were appointed to the Board of Directors as independent directors.
