Trinity Capital Prices $125.0 Million Notes Offering

Whats Happening:

Trinity Capital Inc., a leading alternative asset manager, has priced an upsized public offering of $125.0 million in 6.75% notes due 2030. The notes will mature on July 3, 2030, and can be redeemed at the company's option. Interest will be paid semiannually starting January 3, 2026. The offering is expected to close on July 3, 2025, subject to customary conditions.

Key Moves:

• Trinity Capital prices $125.0 million in 6.75% notes due 2030

• Notes can be redeemed at the company's option with a 'make whole' premium

• Offering expected to close on July 3, 2025

By The Numbers:

• $125.0 million aggregate principal amount of notes

• 6.75% interest rate on the notes

• Notes mature on July 3, 2030

Bottom Line:

Trinity Capital's successful pricing of $125.0 million in notes demonstrates its ability to access capital markets and manage its debt structure. The fund plans to use the proceeds to pay down existing debt, potentially improving its financial flexibility and positioning for future growth opportunities in the alternative asset management space.

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