Trinity Capital Inc. Announces Successful Pricing of $125 Million Note Offering Due 2030

Trinity Capital Inc. Announces $125 Million Note Offering

Trinity Capital Inc., listed on Nasdaq as TRIN, has made headlines today with its announcement regarding a substantial public offering. The company, known for its alternative asset management expertise, has priced an upsized underwritten public offering of $125 million in aggregate principal amount of 6.75% notes, set to mature on July 3, 2030. This strategic move is designed to bolster the firm’s financial position and provide investors with an attractive fixed-income opportunity.

Details of the Offering

The newly introduced notes are unsecured and will yield a 6.75% per annum interest rate, payable on a semiannual basis starting from January 3, 2026. In terms of flexibility, the notes may be redeemed in part or in whole by the company anytime before maturity, subject to a “make whole” premium if applicable. The offering is set to conclude on July 3, 2025, pending customary closing conditions.

Utilization of Proceeds

Trinity Capital plans to utilize the net proceeds from this offering to reduce existing debt under its KeyBank Credit Facility. This move not only reflects the company's commitment to maintaining a healthy balance sheet but also its proactive approach to managing financial liabilities effectively.

Keefe, Bruyette & Woods, a Stifel company, along with Morgan Stanley, are acting as the joint book-running managers for this offering. Additionally, MUFG Securities Americas Inc. and Zions Direct, Inc. are serving as co-managers, indicating a strong backing by reputable financial entities.

Investment Considerations

Investors interested in this opportunity are encouraged to thoroughly review the investment objectives, potential risks, and associated charges. The preliminary prospectus supplement, dated June 26, 2025, along with the main prospectus filed on February 7, 2024, has been submitted to the Securities and Exchange Commission (SEC). These documents provide critical insights and vital information about the notes and Trinity Capital itself, which potential investors must consider before making any investment decisions.

About Trinity Capital Inc.

Founded with a mission to deliver consistent returns, Trinity Capital Inc. specializes in the alternative asset management sector, focusing on private credit markets. The company excels in sourcing and constructing investments for well-capitalized, growth-oriented firms. It operates through five distinct business verticals—Sponsor Finance, Equipment Finance, Tech Lending, Asset-Based Lending, and Life Sciences—positioning itself as a trusted partner for businesses seeking tailored debt solutions.

With its headquarters in Phoenix, Arizona, and a dedicated workforce across the country and in the UK, Trinity Capital is well-positioned to serve a diverse clientele. Investors should be aware that this announcement may include forward-looking statements, and actual results may vary due to numerous factors highlighted in their SEC filings.

This latest offering not only underscores Trinity Capital’s strategic growth plans but also highlights its commitment to providing meaningful investment opportunities in the financial marketplace. As the formal details unfold, all eyes will be on the advancements Trinity Capital makes with the proceeds of this offering — a signal of robust management and forward-thinking in today’s evolving financial environment.