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Trinity Capital Inc. Prices Offering of $125.0 Million of 6.75% Notes due 2030
PHOENIX, June 26, 2025 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) (the "Company" or "Trinity Capital"), a leading alternative asset manager, today
About this update from Trinity Capital Inc.
[{"type":"text","content":"PHOENIX, June 26, 2025 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) (the \"Company\" or \"Trinity Capital\"), a leading alternative asset manager, today announced that it has priced an upsized underwritten public offering of $125.0 million in aggregate principal amount of 6.75% notes due 2030 (the \"Notes\"). The Notes will mature on July 3, 2030, and may be redeemed in whole or in part at any time or from time to time at the Company's option at par, plus a \"make whole\" premium, if applicable. The Notes are unsecured and bear interest at a rate of 6.75% per year, payable semiannually commencing on January 3, 2026.\n\n \n \n \n \n \n \n\n \nThe offering is subject to customary closing conditions and is expected to close on July 3, 2025.\nThe Company intends to use the net proceeds from the offering to pay down a portion of its existing indebtedness outstanding under its KeyBank Credit Facility.\nKeefe, Bruyette & Woods, A Stifel Company, and Morgan Stanley are acting as the joint book-running managers for the offering. MUFG Securities Americas Inc. and Zions Direct, Inc. are acting as co-managers.\nInvestors are advised to carefully consider the investment objectives, risks and charges and expenses of Trinity Capital before investing. The preliminary prospectus supplement dated June 26, 2025 and the accompanying prospectus dated February 7, 2024, each of which has been filed with the Securities and Exchange Commission (\"SEC\"), contain a description of these matters and other important information about Trinity Capital and should be read carefully before investing.\nTrinity Capital has filed a shelf registration statement (including a base prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the base prospectus in that registration statement, the preliminary prospectus supplement and the documents incorporated by reference therein, which Trinity Capital has filed with the SEC, for more complete information about Trinity Capital and the offering. You may obtain these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, Trinity Capital, any underwriter or any dealer participating in the offering will arrange to send you the preliminary prospectus supplement if you request it from Keefe, Bruyette & Woods, Inc., 787 7th Avenue, 4...