Trinity Capital Inc. has entered into an underwriting agreement for the public offering of $350 million aggregate principal amount of its 7.500% unsecured notes due 2032. The company intends to use the net proceeds to repay existing secured indebtedness.
Key Details
- Offering Details: The company issued $350,000,000 in aggregate principal amount of 7.500% Notes, which will mature on January 15, 2032.
- Financial Terms: The Notes bear interest at a rate of 7.500% per year, payable semi-annually on January 15 and July 15, commencing January 15, 2027.
- Net Proceeds & Use: The offering generated net proceeds of approximately $342.61 million, which will be used to repay outstanding secured debt under its credit agreement with KeyBank.
- Transaction Timeline: The underwriting agreement was signed on September 30, 2026, and the transaction closed on October 5, 2026.