PHOENIX, Aug. 24, 2021 /PRNewswire/ -- 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 August 24, 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 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.
Forward-Looking Statements
This press release may contain "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Statements other than statements of historical facts
included in this press release may constitute forward-looking
statements and are not guarantees of future performance or results
and involve a number of risks and uncertainties, including the
impact of the COVID-19 pandemic on the economy, financial markets,
our business, our portfolio companies and our industry. Actual
results may differ materially from those in the forward-looking
statements as a result of a number of factors, including those
described from time to time in filings with the Securities and
Exchange Commission. Trinity undertakes no duty to update any
forward-looking statement made herein. All forward-looking
statements speak only as of the date of this press release.
Contact
Vibhor Garg
Director, Marketing
Trinity Capital Inc.
vgarg@trincapinvestment.com
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SOURCE Trinity Capital Inc.