Trinity Capital Closes Offering of $75MM of 4.25% Notes Due 2026

Trinity Capital, a specialty lending company that provides debt, including loans and equipment financing, closed its public offering of $75 million in aggregate principal amount of 4.25% notes due 2026. The notes will mature on Dec. 15, 2026, and may be redeemed in whole or in part at Trinity Capital’s option at any time at par plus a “make-whole” premium, if applicable.

Trinity Capital received net proceeds from the offering of approximately $73.2 million after deducting underwriting discounts and commissions and estimated offering expenses, which it intends to use to pay down a portion of its existing indebtedness outstanding under its credit agreement with KeyBank, to make investments in accordance with its investment objective and investment strategy and for general corporate purposes.

Keefe, Bruyette & Woods acted as the sole bookrunning manager for this offering.

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