Runway Growth Finance Corp. CEO Takes Medical Leave of Absence
31 Juli 2023 - 10:05PM
Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth”), a
leading provider of flexible capital solutions to late- and
growth-stage companies seeking an alternative to raising equity,
today released the following statement:
“David Spreng, Chairman, President, and CEO of Runway Growth
will be taking a temporary leave of absence from the company in
order to undergo treatment for a medical condition. Management and
the Board send their thoughts and best wishes to David and his
family. Runway Growth’s day-to-day operations will be
uninterrupted.
Thomas Raterman, CFO and COO of Runway Growth, has been
appointed to acting President during David Spreng's leave, in
addition to his current responsibilities. Greg Greifeld, Deputy CIO
and Head of Credit of Runway Growth Capital, LLC, Runway Growth’s
investment adviser, has been appointed to acting CEO of Runway
Growth. Julie Persily, Director and Chair of the Audit Committee,
has been appointed to acting Chair of Runway Growth’s Board of
Directors and permanently elected as the company’s Lead Independent
Director. All three appointees have been with Runway Growth for
over five years, fill important executive or governance positions
currently, and possess deep institutional and industry expertise.
The company will benefit from this continuation of leadership, and
the executive team plans to advance Runway Growth’s strategy in the
weeks to come.”
Runway Growth will offer an operational and financial update
during its second quarter earnings call on Tuesday, August 8, 2023.
To participate in the conference call or webcast, participants
should register online at the Runway Growth Investor Relations
website.
About Runway Growth Finance Corp. Runway Growth
is a growing specialty finance company focused on providing
flexible capital solutions to late- and growth-stage companies
seeking an alternative to raising equity. Runway Growth is a
closed-end investment fund that has elected to be regulated as a
business development company under the Investment Company Act of
1940. Runway Growth is externally managed by Runway Growth Capital
LLC, an established registered investment advisor that was formed
in 2015 by industry veteran David Spreng. For more information,
please visit www.runwaygrowth.com
Forward-Looking Statements Statements included
herein may constitute “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995.
Statements other than statements of historical facts included in
this press release may constitute forward-looking statements and
are not guarantees of future performance, condition or results and
involve a number of risks and uncertainties, including the impact
of COVID-19 and related changes in base interest rates and
significant market volatility on our business, our portfolio
companies, our industry and the global economy. Actual results may
differ materially from those in the forward-looking statements as a
result of a number of factors, including those described from time
to time in Runway Growth’s filings with the Securities and Exchange
Commission. Runway Growth undertakes no duty to update any
forward-looking statement made herein. All forward-looking
statements speak only as of the date of this press release.
IR Contacts: Stefan Norbom, Prosek Partners,
snorbom@prosek.comThomas B. Raterman, Acting President, Chief
Financial Officer and Chief Operating Officer,
tr@runwaygrowth.com
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