Runway Growth Extends Credit Facility and Enhances Governance Profile
Core Insights - Runway Growth Finance Corp. has made significant operational updates, including an amended credit agreement and an expanded Board of Directors [1][2] Credit Agreement - The amended credit agreement extends the maturity date and revolving period for the Company's credit facility, allowing for expanded financing solutions such as cash flow based loans, asset based loans, and recurring revenue loans [3] Board Refreshment - The Board of Directors has been expanded from five to eight members, with new appointments aimed at enhancing industry expertise and governance [4][7] - Ted Goldthorpe has been appointed as Chairman of the Board, while Alexander Duka and Robert Warshauer have been appointed as independent directors [7]