Runway Growth Finance Corp. Provides Q3 2023 Portfolio Update
Portfolio Pulse from Benzinga Newsdesk
Runway Growth Finance Corp. (NASDAQ:RWAY) provided an operational and portfolio update for Q3 2023. The company funded six investments, including a $20.0 million investment to Elevate Services, Inc., a $11.1 million follow-on investment to Kin Insurance, and a $5.0 million follow-on investment to an online learning platform. Runway Growth also experienced five prepayments totaling $125.3 million. The company's portfolio included 29 debt investments to 28 portfolio companies and 62 equity investments in 45 portfolio companies.
October 05, 2023 | 12:40 pm
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Runway Growth Finance Corp. (NASDAQ:RWAY) reported strong Q3 2023 performance with six funded investments and five prepayments totaling $125.3 million. The company's portfolio included 29 debt investments to 28 portfolio companies and 62 equity investments in 45 portfolio companies.
The company's strong Q3 performance, with multiple investments and prepayments, indicates a positive financial position. This could potentially attract more investors, leading to a potential increase in the company's stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100