
Loan & DebtOct 5, 2026, 04:56 PM
Trinity Capital Issues $350M in 7.500% Notes Due 2032
AI Summary
Trinity Capital Inc. has successfully completed the issuance and sale of $350 million in aggregate principal amount of its 7.500% Notes due 2032. The offering, which closed on October 5, 2026, generated net proceeds of approximately $342.61 million after deducting underwriting discounts and expenses. The company intends to utilize these proceeds to repay outstanding secured indebtedness under its credit agreement with KeyBank, National Association. The Notes mature on January 15, 2032, and bear interest at an annual rate of 7.500%, payable semi-annually.
Key Highlights
- Trinity Capital Inc. issued $350 million in 7.500% Notes due 2032.
- The Notes mature on January 15, 2032, with redemption options before maturity.
- Interest on the Notes is payable semi-annually at 7.500% per year.
- Net proceeds from the offering were approximately $342.61 million.
- Proceeds will be used to repay outstanding secured indebtedness under a credit agreement with KeyBank.
Price Impact
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