Runway Growth Finance extends credit facility, expands size of board

Runway Growth Finance (RWAY) 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 has also expanded the size of the Board from five members to eight members, as previously disclosed. 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. 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. 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: Ted Goldthorpe was appointed to the role of Chairman of the Board and will serve as an interested Class II director until the Company’s 2027 annual meeting of stockholders. Alexander Duka was appointed to serve as an independent Class I director until the Company’s 2026 annual meeting of stockholders. Robert Warshauer was appointed to serve as an independent Class III director until the Company’s 2026 annual meeting of stockholders. Additionally, in the past year, both Catherine Frey and Jennifer Kwon Chou were appointed to the Board of Directors as independent directors, in connection with previously disclosed resignations. Ms. Frey’s appointment took effect on January 23, 2025, and Ms. Chou’s appointment will take effect on March 21, 2025.