Runway Growth Finance Corp. (RWAY) Q1 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:03.613 deal close, as we described earlier. 00:00:04.696 -- 00:00:09.662 Looking ahead to next quarter, we expect contributions from the fully integrated SWK 00:00:09.662 -- 00:00:14.688 portfolio and a lag in associated management fees to benefit NII 00:00:14.688 -- 00:00:19.774 by approximately $0.03 per share. However, we expect this benefit 00:00:19.774 -- 00:00:24.519 will be more than offset by the impact of Marley Spoon and Blue Ship being placed on 00:00:24.519 -- 00:00:27.385 non-accrual late in Q1. 00:00:27.385 -- 00:00:32.632 The full quarter earnings impact of these new non-accruals of $0.06 per share 00:00:32.632 -- 00:00:35.894 will be reflected in Q2. 00:00:36.798 -- 00:00:41.024 We are actively working with the management teams at Marley Spoon, BlueShift, and Mingle 00:00:41.024 -- 00:00:45.430 Healthcare and seek to achieve optimal outcomes for the portfolio. 00:00:45.430 -- 00:00:50.456 These situations are dynamic and, in the case of Marley Spoon, very complex and, as 00:00:50.456 -- 00:00:54.284 we've seen in the past, can take time to fully resolve. 00:00:54.284 -- 00:00:58.469 We do not see any thematic drivers to these recent credit downgrades. 00:00:58.469 -- 00:01:02.113 There are situations we have been monitoring and decided this was the prudent course 00:01:02.113 -- 00:01:07.259 of action to take at this time. Although our team puts maximum effort into avoiding these 00:01:07.259 -- 00:01:12.645 situations, some level of defaults are unavoidable and we're working diligently to resolve 00:01:12.645 -- 00:01:14.467 them. 00:01:14.467 -- 00:01:19.900 With respect to the dividend, we believe that it is currently set at an appropriate level. 00:01:19.900 -- 00:01:24.226 We are committed to delivering for our shareh...