Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Runway Growth Finance Corp ( (RWAY) ) just unveiled an announcement.
On February 3, 2025, Runway Growth Finance Corp. entered into a third supplemental indenture with U.S. Bank Trust Company to support the issuance and sale of $103.25 million of 7.25% unsecured notes due 2031, which rank pari passu with its other unsecured debt and are subject to covenants tied to leverage limits and distribution restrictions under the Investment Company Act of 1940. The transaction, which closed on February 3, 2026, is part of a balance sheet refinancing in which the company plans to use the proceeds to repay outstanding indebtedness, including redeeming all $51.75 million of its 8.00% notes and $40.25 million of its 7.50% notes, with the partial and full redemptions of these higher-coupon notes expected to occur on March 5, 2026 at $25 per note plus accrued interest, potentially lowering the firm’s funding costs and optimizing its liability profile.
The most recent analyst rating on (RWAY) stock is a Buy with a $10.00 price target. To see the full list of analyst forecasts on Runway Growth Finance Corp stock, see the RWAY Stock Forecast page.
Spark’s Take on RWAY Stock
According to Spark, TipRanks’ AI Analyst, RWAY is a Neutral.
The score is driven primarily by attractive valuation and income characteristics (low P/E and high dividend yield), supported by strong profitability. These positives are tempered by weakening revenue trends, cash-flow volatility and leverage sensitivity, and mixed recent operating signals (NAV/portfolio value declines and a nonaccrual), with technicals indicating a still-soft longer-term trend.
To see Spark’s full report on RWAY stock, click here.
More about Runway Growth Finance Corp
Runway Growth Finance Corp. is a specialty finance company that issues unsecured notes and other debt instruments to fund its lending and investment activities, operating under the regulatory framework of the Investment Company Act of 1940 and relying on a credit facility with KeyBank National Association as part of its capital structure.
Average Trading Volume: 377,642
Technical Sentiment Signal: Sell
Current Market Cap: $331M
For a thorough assessment of RWAY stock, go to TipRanks’ Stock Analysis page.