Loan & DebtMay 21, 2026, 04:26 PM
Trinity Capital Issues $300M 7.000% Notes Due 2031
AI Summary
Trinity Capital Inc. entered into an underwriting agreement and an eighth supplemental indenture for the issuance and sale of $300,000,000 aggregate principal amount of 7.000% Notes due 2031. The Notes mature on May 21, 2031, and bear interest payable semi-annually. The company received net proceeds of approximately $294.54 million, which it intends to use to repay outstanding secured indebtedness.
Key Highlights
- Trinity Capital issued $300,000,000 aggregate principal amount of 7.000% Notes due 2031.
- The Notes mature on May 21, 2031, with interest payable semi-annually.
- Net proceeds from the offering were approximately $294.54 million.
- Proceeds will be used to repay outstanding secured indebtedness under its credit agreement.
- The Notes are direct, general unsecured obligations, ranking pari passu with other unsecured unsubordinated debt.
Price Impact
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