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BY HEMANTH AT 12:25 AM ET -
Aug. 24, 2021 –Trinity Capital Inc. (NASDAQ: TRIN) (“Trinity”), an internally managed business development company, today announced that it closed its public offering of $125 million in aggregate principal amount of 4.375% Notes due 2026. The notes will mature on August24, 2026 and may be redeemed in whole or in part at Trinity’s option at any time at par plus a “make-whole” premium,if applicable.
Trinity received net proceeds from the offering of approximately $122 million, after deducting underwriting discounts and commissions and estimated offering expenses, which it intends to use to pay down its existing indebtedness outstanding under its credit agreement, to make investments in accordance with its investment objective and for general corporate purposes.
Goldman Sachs & Co. LLC [GS] and Keefe, Bruyette & Woods, Inc. acted as the representatives of the underwriters joint book-running managers for this offering.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About Trinity Capital Inc.
Trinity (Nasdaq: TRIN), an internally managed specialty lending company that has elected to be regulated as a business development company under the Investment Company Act of 1940,as amended, is a leading provider of debt, including loans and equipment financing, to growth stage companies, including venture-backed companies and companies with institutional equity investors. Trinity's investment objective is to generate current income and, to a lesser extent, capital appreciation through investments consisting primarily of term loans and equipment financings and, to a lesser extent,working capital loans, equity and equity-related investments. Trinity 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.