Trinity Capital Inc. Closes $142.5 Million Notes Offering
Trinity Capital (Nasdaq: TRIN) has successfully closed a $142.5 million private notes offering of unsecured Series A Notes. The offering, which was oversubscribed from the initial $100 million target, consists of three tranches with different maturities and interest rates: $55.5 million at 7.54% due 2027, $73.0 million at 7.60% due 2028, and $14.0 million at 7.66% due 2029. The company plans to use the proceeds to support ongoing investment activities and grow its diversified lending platform.
Trinity Capital (Nasdaq: TRIN) ha chiuso con successo un'offerta di note private di 142,5 milioni di dollari di Note di Serie A non garantite. L'offerta, che ha superato la soglia iniziale di 100 milioni di dollari, è composta da tre tranche con scadenze e tassi di interesse diversi: 55,5 milioni di dollari al 7,54% in scadenza nel 2027, 73,0 milioni di dollari al 7,60% in scadenza nel 2028 e 14,0 milioni di dollari al 7,66% in scadenza nel 2029. La società prevede di utilizzare i proventi per sostenere le attività di investimento in corso e per far crescere la sua piattaforma di prestiti diversificata.
Trinity Capital (Nasdaq: TRIN) ha cerrado con éxito una emisión privada de notas por 142,5 millones de dólares de Notas de la Serie A no garantizadas. La emisión, que fue sobre suscrita respecto al objetivo inicial de 100 millones de dólares, consta de tres tramos con diferentes vencimientos y tasas de interés: 55,5 millones de dólares al 7,54% vence en 2027, 73,0 millones de dólares al 7,60% vence en 2028, y 14,0 millones de dólares al 7,66% vence en 2029. La empresa planea utilizar los ingresos para apoyar las actividades de inversión en curso y hacer crecer su plataforma de préstamos diversificada.
트리니티 캐피탈 (Nasdaq: TRIN)은 1억4250만 달러 규모의 사모채권 발행을 성공적으로 마감했습니다. 이 발행은 처음 목표한 1억 달러를 초과 청약 받았으며, 만기 및 이자율이 다른 세 개의 트랜치로 구성되어 있습니다: 5550만 달러는 2027년 만기, 이율 7.54%, 7300만 달러는 2028년 만기, 이율 7.60%, 그리고 1400만 달러는 2029년 만기, 이율 7.66%입니다. 회사는 이 자금을 지속적인 투자 활동을 지원하고 다각화된 대출 플랫폼을 성장시키기 위해 사용할 계획입니다.
Trinity Capital (Nasdaq: TRIN) a clôturé avec succès une émission privée de notes de 142,5 millions de dollars d'Obligations de Série A non garanties. L'émission, qui a été sursouscrite par rapport à l'objectif initial de 100 millions de dollars, se compose de trois tranches avec différentes échéances et taux d'intérêt : 55,5 millions de dollars à 7,54%, échue en 2027, 73,0 millions de dollars à 7,60%, échue en 2028, et 14,0 millions de dollars à 7,66%, échue en 2029. L'entreprise prévoit d'utiliser les produits pour soutenir ses activités d'investissement en cours et développer sa plateforme de prêt diversifiée.
Trinity Capital (Nasdaq: TRIN) hat erfolgreich eine Privatplatzierung von Anleihen in Höhe von 142,5 Millionen Dollar über nicht gesicherte Serie A-Anleihen abgeschlossen. Die Platzierung war überzeichnet gegenüber dem ursprünglichen Ziel von 100 Millionen Dollar und besteht aus drei Tranchen mit unterschiedlichen Laufzeiten und Zinssätzen: 55,5 Millionen Dollar zu 7,54%, fällig 2027, 73,0 Millionen Dollar zu 7,60%, fällig 2028, und 14,0 Millionen Dollar zu 7,66%, fällig 2029. Das Unternehmen plant, die Einnahmen zur Unterstützung laufender Investitionstätigkeiten und zum Wachstum seiner diversifizierten Kreditplattform zu verwenden.
- Successful oversubscription of notes offering from $100M to $142.5M
- Secured long-term debt financing with staggered maturities
- Additional capital available for investment activities and growth
- Takes on substantial new debt with interest rates above 7.5%
Insights
This
The weighted average interest rate of approximately
The successful oversubscription indicates strong investor confidence in Trinity's business model and credit quality. This financing enhances Trinity's ability to fund growth-stage companies while potentially improving their return on equity through prudent leverage.
"We are pleased by this transaction being oversubscribed from the launch amount of
Trinity intends to use the net proceeds from this offering to support ongoing investment activities as it continues to grow its diversified lending platform.
The Series A Notes are comprised of three-, four- and five-year tenors. In the transaction, the Company issued
MUFG acted as placement agent for the transaction.
About Trinity Capital Inc.
Trinity Capital Inc. (Nasdaq: TRIN), an internally managed business development company, is a leading provider of diversified financial solutions to growth-oriented companies with institutional equity investors. Trinity Capital's investment objective is to generate current income and, to a lesser extent, capital appreciation through investments, including term loans and equipment financings and equity-related investments. Trinity Capital 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. For more information, please visit the Company's website at www.trinitycap.com.
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. 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 ("SEC"). The Company 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. More information on risks and other potential factors that could affect the Company's financial results, including important factors that could cause actual results to differ materially from plans, estimates or expectations included herein or on the webcast/conference call, is included in the Company's filings with the SEC, including in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's most recently filed annual report on Form 10-K and subsequent SEC filings.
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SOURCE Trinity Capital Inc.
FAQ
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