$RWAYL

Runway Growth Finance (RWAY) has initiated an underwritten offering of unsecured notes to be listed on the Nasdaq Global Select Market. The net proceeds will primarily be used to repay existing debt, including $51.75 million of 8.00% notes due in December 2027, and to support the prior acquisition of SWK Holdings, which will boost its healthcare investment portfolio to 31%. Despite a 14% dividend yield and a 30% discount to NAV, analysts maintain a cautious outlook on RWAY's future performance, with an average 1-year price target of $10.57.