PHOENIX, Oct. 30,
2024 /PRNewswire/ -- Trinity Capital
Inc. (Nasdaq: TRIN) ("Trinity" or the "Company"), a leading
provider of diversified financial solutions to growth-oriented
companies, today announced it has closed a private notes offering
totaling $142.5 million in aggregate
principal amount of unsecured Series A Notes (as defined
below).
"We are pleased by this transaction being oversubscribed from
the launch amount of $100 million,"
said Kyle Brown, Chief Executive
Officer of Trinity Capital. "This additional capital positions us
for continued growth, reinforcing our commitment to delivering
value to our investors."
Trinity intends to use the net proceeds from this offering to
support ongoing investment activities as it continues to grow its
diversified lending platform.
The Series A Notes are comprised of three-, four- and five-year
tenors. In the transaction, the Company issued $55.5 million in the aggregate principal amount
of 7.54% Series A Senior Notes, Tranche A, due October 29, 2027 (the "Series A 2027 Notes");
$73.0 million in the aggregate
principal amount of 7.60% Series A Senior Notes, Tranche B, due
October 29, 2028 (the "Series A 2028
Notes"); and $14.0 million in
aggregate principal amount of 7.66% Series A Senior Notes, Tranche
C, due October 29, 2029 (the "Series
A 2029 Notes" and, together with the Series A 2027 Notes and Series
A 2028 Notes, collectively, the "Series A Notes").
MUFG acted as placement agent for the transaction.
About Trinity Capital Inc.
Trinity Capital Inc. (Nasdaq: TRIN), an internally managed
business development company, is a leading provider of diversified
financial solutions to growth-oriented companies with institutional
equity investors. Trinity Capital's investment objective is to
generate current income and, to a lesser extent, capital
appreciation through investments, including term loans and
equipment financings and equity-related investments. Trinity
Capital believes it is one of only a select group of specialty
lenders that has the depth of knowledge, experience and track
record in lending to growth stage companies. For more information,
please visit the Company's website at www.trinitycap.com.
Forward-Looking Statements
This press release may contain "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 or results
and involve a number of risks and uncertainties. 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 filings with the Securities and Exchange Commission
("SEC"). The Company 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. More
information on risks and other potential factors that could affect
the Company's financial results, including important factors that
could cause actual results to differ materially from plans,
estimates or expectations included herein or on the
webcast/conference call, is included in the Company's filings with
the SEC, including in the "Risk Factors" and "Management's
Discussion and Analysis of Financial Condition and Results of
Operations" sections of the Company's most recently filed annual
report on Form 10-K and subsequent SEC filings.
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SOURCE Trinity Capital Inc.