Runway Growth Finance Corp. Provides Second Quarter 2026 Business and Portfolio Update

About this update from Runway Growth Finance Corp.

Adviser and affiliates commit to purchase up to 10% of common stock alongside existing repurchase program  Completed Investments in New and Existing Portfolio Companies Representing $85.8 Million in Fundings MENLO PARK, Calif., July 14, 2026 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY), ("Runway Growth" or the "Company"), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today provided an operational and portfolio update for the quarter ended June 30, 2026, as well as an update on the Company's capital allocation strategy. "In the first half of 2026, we continued executing on our long-term strategy, including the successful completion of the SWK Holdings acquisition," said Runway Growth Founder and CEO David Spreng. "We have been operating against a challenging industry backdrop, with cautious sentiment toward software, heightened scrutiny around credit and evolving expectations for interest rates weighing on valuations across the BDC sector. This environment has brought our current trading levels into sharp focus for our Board, management team and investors." Spreng continued, "We have strong conviction in the underlying business and our portfolio, and believe our share price reflects a significant disconnect from those fundamentals. Against that backdrop, we, together with our adviser and affiliates, intend to return meaningful capital to shareholders through share purchases over the next two years. We believe this action underscores the strong alignment among Runway Growth, BC Partners and our fellow shareholders." Capital Allocation Strategy Update Thoughtful capital allocation and value creation remain top priorities for Runway Growth. To further align with shareholders' interests, the Company intends to concentrate capital allocation toward share purchases while its shares trade at a significant discount to net asset value ("NAV"). Our investment adviser, Runway Growth Capital LLC, and its affiliates, along with the Board and management, intend to acquire up to 10% of the Company's outstanding common stock over the next 24 months to the extent the Company's shares continue to trade below 70% of NAV, which implies a share price of $8.49 based on Runway Growth's March 31, 2026 NAV per share, or a 60% premium to the Company's July 13, 2026 closing market price. These purchases may occur through various methods, including open market purchases and privately negotiated transactions, and may be conducted in accordance with Rule 10b5-1 and Rule 10b-18.

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