We re-publish an article from the BDC Credit Reporter regarding a troubled portfolio company of Runway Growth Finance.
For the third time of late, the BDC Reporter takes a deep-dive into the credit performance of a BDC: relative public newbie Runway Growth Finance.
The BDC Reporter rates Runway Growth Finances’s fourth quarter and full-year 2023 financial performance, looking at earnings, net book value, credit and the dividend. Best read in conjunction with our BDC Summary Results;IVQ 2023 Table and the BDC Credit Table and the BDC NAV Change Table.
Runway Growth Finance has disclosed highlights of its IIIQ 2023 investment activity and repayments. We discuss some of the implications of the news.
With everyone anxious about what might be happening in the venture-backed sector, we’ve undertaken a deeper-than-usual dive into Runway Growth’s investment activity for the IQ 2023, and just released.
Runway Growth Finance is the first BDC out of the blocks to comment on the situation following Silicon Valley Bank’s sudden demise.
Runway Growth Finance taps the publicly traded unsecured note market for a second time in 2022. We review how the debt financing markets are operating and the outlook going forward – an important factor in BDC liquidity.
Runway Growth Finance increases its quarterly distribution – again. We discuss what the outlook might be for the 2023 payout and whether the BDC’s fast growth is a positive or negative.
Runway Growth Finance has taken another step forward in its ambitious expansion plans, tapping the publicly traded unsecured debt market. We review what the BDC has done and how this fits into a bigger picture.
We review Runway Growth Finance’s IQ 2022 portfolio update less for an insight into the BDC’s likely earnings but as a prospective window into the pace of recent investment activity in the venture debt segment of the market.
All the markets dropped sharply on Wednesday, including the BDC sector. There was also plenty of news including a departing director; a new portfolio company and an unchanged distribution, not to mention Saratoga’s latest results.
BDC prices inch up slightly but remain in a narrow range. We discuss why one BDC’s NAV and stock price dropped and two important unsecured debt offerings.
