Welcome to our dedicated page for Trinity Capital news (Ticker: TRIN), a resource for investors and traders seeking the latest updates and insights on Trinity Capital stock.
Trinity Capital Inc. (NASDAQ: TRIN), a premier specialty lending company, provides diversified financial solutions to growth-stage businesses, particularly venture-backed firms and those with institutional equity investors. Since its inception in 2008, Trinity has established itself as a preferred partner for venture loans and equipment leases, working closely with leading venture capital firms to support companies across various industries, including software, healthcare, clean technology, and more.
Trinity's core business revolves around offering debt, including loans and equipment financing, aimed at fueling the growth and extending the runway of high-potential startups. The company's equipment financings involve loans for both general and specific use, secured by either the equipment itself or other assets of the portfolio company.
Trinity's recent achievements include the successful issuance of $100 million in aggregate principal amount of 7.875% notes due 2029, showcasing its robust financial health and ability to attract investor confidence. The company has also adjusted the conversion rate of its 6.00% Convertible Notes due 2025, reflecting its commitment to providing value to its investors through regular dividends and strategic financial maneuvers.
In addition to its strong financial performance, Trinity has expanded its reach globally, establishing a European team led by seasoned industry expert Craig Fox. This strategic expansion aligns with Trinity's long-term vision to support high-growth companies on a global scale, capitalizing on the vibrant tech landscape and venture capital activities in Europe.
Trinity's notable partnerships include a $125 million warehouse facility provided in collaboration with Silicon Valley Bank to fintech infrastructure startup Parafin. This partnership exemplifies Trinity's role in empowering innovative companies with flexible capital solutions, enabling them to scale their operations effectively.
The company's financial results for the first quarter of 2024 highlight its strong operational performance, with total investment income reaching $50.5 million, a significant increase from the previous year. Trinity continues to demonstrate resilience and adaptability, maintaining a diverse portfolio with an aggregate fair value of approximately $1.4 billion and a focus on first lien loans secured by high-quality assets.
For more information about Trinity Capital Inc., please visit their website at www.trinitycap.com.
Trinity Capital Inc. (Nasdaq: TRIN) has secured a new $300 million credit facility led by KeyBank. The facility features a five-year term with a three-year revolving period and a two-year amortization period. Interest rates will range from one-month LIBOR plus 3.25% to 2.85%, depending on loan composition. This financing aims to enhance Trinity's capital structure, supporting portfolio growth. Recently, Trinity also completed a $125 million public offering of 4.375% notes due 2026, further strengthening its balance sheet and financial liquidity.
Trinity Capital Inc. (Nasdaq: TRIN) has announced it will release its third quarter 2021 financial results after market close on November 4, 2021. A conference call discussing these results will occur at 2:00 p.m. PT that same day. Investors can participate by dialing (877) 876-9173 or (785) 424-1667 internationally, referencing Conference ID: TRINQ321. A webcast will also be available on Trinity's investor relations website, with a replay accessible for 90 days post-call.
Trinity Capital Inc. (Nasdaq: TRIN) announced the appointment of Ryan Thompson as Managing Director, Origination in Austin, Texas. With over a decade in the venture ecosystem, Thompson previously served as Senior Vice President at Silicon Valley Bank, focusing on debt transactions for venture-backed growth stage companies. Trinity Capital aims to strengthen its presence in the Central and Mountain regions under Thompson's leadership. The company specializes in providing debt and equipment financing to growth-stage entities, leveraging its experience in the venture lending space.
Trinity Capital Inc. (Nasdaq: TRIN) announced on September 13, 2021, the declaration of a cash dividend of $0.33 per share for the quarter ending September 30, 2021, marking a 13.8% increase from the prior quarter. The payment date is set for October 15, 2021. The company aims to distribute approximately 90% to 100% of its taxable income to qualify for favorable tax treatment as a regulated investment company.
Horizon Technology Finance Corporation (NASDAQ: HRZN) and Trinity Capital Inc. (NASDAQ: TRIN) have provided a $40 million venture loan to Nexii Building Solutions Inc., a green construction technology firm. Horizon contributed $22.5 million and $7.5 million via a private vehicle, while Trinity added $10 million. The funding aims to support Nexii's growth and working capital needs, enhancing its sustainable building initiatives. The partnership is designed to foster innovation in construction, aligning with goals for a zero-carbon economy.
Trinity Capital Inc. (NASDAQ: TRIN) has successfully closed a public offering of $125 million in 4.375% Notes due 2026. The notes will mature on August 24, 2026, and are redeemable at Trinity's discretion. The company expects to net approximately $122 million from this offering, which will be used to reduce existing debt, fund investments, and for general corporate purposes. Goldman Sachs & Co. LLC and Keefe, Bruyette & Woods, Inc. managed the offering. This action aligns with Trinity's strategy of providing financing to growth-stage companies.
Trinity Capital Inc. (TRIN) reported strong Q2 2021 results with total investment income of $19.5 million, up 40.7% year-over-year, and net investment income of $10.1 million ($0.38/share), a 49.1% increase. The company funded $122.4 million across new and existing portfolio companies, with total commitments reaching $126.5 million. Net asset value (NAV) per share rose to $14.33, from $13.69. A dividend of $0.29 per share was declared. Liquidity stands at $107 million, supporting continued investment growth.
Trinity Capital Inc. (Nasdaq: TRIN) will release its second quarter 2021 financial results after market close on August 5, 2021. A conference call to discuss these results is scheduled for 2:00 p.m. PT (5:00 p.m. ET). Interested participants can join the call by dialing (877) 876-9176 or (785) 424-1670 internationally. A taped replay will be available shortly after the call until August 12, 2021. A live webcast of the conference call will be accessible on Trinity's investor relations website, with a replay available for 90 days following the call.
Trinity Capital Inc. (Nasdaq: TRIN) announced a cash dividend of $0.29 per share for the quarter ending June 30, 2021, declared on June 15, 2021. Key dates include the Record Date on June 30, 2021 and the Payment Date on July 15, 2021. The company aims to distribute approximately 90% to 100% of its taxable income quarterly to maintain its regulated investment company status. Distributions may include a return of capital and/or capital gains, with tax characteristics reported on Form 1099-DIV.
Trinity Capital Inc. (Nasdaq: TRIN) has scheduled the release of its first quarter 2021 financial results for May 6, 2021, after market close. The company will host a conference call at 2:00 p.m. PT (5:00 p.m. ET) on the same day to discuss these results. Interested listeners can participate by dialing (888) 285-0969 or (706) 758-9224 internationally, using Conference ID: 4999186. A replay will be available for two weeks following the call. Trinity Capital specializes in providing debt solutions to growth stage companies, aiming for current income and capital appreciation.
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