Trinity Capital Inc. Increases its Credit Facility to $510 Million
Trinity Capital Inc. (Nasdaq: TRIN) has announced an expansion of its credit facility, increasing total commitments from $440 million to $510 million. This $70 million increase was achieved through the existing accordion feature and was provided by two new lenders, bringing the total number of participants in the diversified bank syndicate to 13. The credit facility, led by KeyBank N.A., now has an accordion feature allowing for maximum commitments of up to $690 million.
This expansion enhances Trinity's capacity as a leading provider of diversified financial solutions to growth-stage companies. The increased credit facility demonstrates Trinity's ability to attract new lenders and expand its financial resources, potentially enabling the company to support more growth-stage businesses with its financial solutions.
Trinity Capital Inc. (Nasdaq: TRIN) ha annunciato un'espansione della sua linea di credito, aumentando gli impegni totali da 440 milioni di dollari a 510 milioni di dollari. Questo incremento di 70 milioni è stato realizzato attraverso l'esistente caratteristica di accordo e fornito da due nuovi finanziatori, portando il numero totale di partecipanti nel sindacato bancario diversificato a 13. La linea di credito, guidata da KeyBank N.A., dispone ora di una caratteristica di accordo che consente impegni massimi fino a 690 milioni di dollari.
Questa espansione aumenta la capacità di Trinity come fornitore leader di soluzioni finanziarie diversificate per aziende in fase di crescita. La linea di credito aumentata dimostra la capacità di Trinity di attrarre nuovi finanziatori ed espandere le proprie risorse finanziarie, potenzialmente permettendo all'azienda di supportare un numero maggiore di imprese in fase di crescita con le sue soluzioni finanziarie.
Trinity Capital Inc. (Nasdaq: TRIN) ha anunciado una expansión de su línea de crédito, aumentando los compromisos totales de 440 millones de dólares a 510 millones de dólares. Este aumento de 70 millones se logró a través de la característica de acorde existente y fue proporcionado por dos nuevos prestamistas, llevando el número total de participantes en el sindicato bancario diversificado a 13. La línea de crédito, liderada por KeyBank N.A., ahora cuenta con una característica de acorde que permite compromisos máximos de hasta 690 millones de dólares.
Esta expansión mejora la capacidad de Trinity como proveedor líder de soluciones financieras diversificadas para empresas en etapa de crecimiento. La línea de crédito incrementada demuestra la capacidad de Trinity para atraer nuevos prestamistas y expandir sus recursos financieros, permitiendo potencialmente a la empresa respaldar a más empresas en etapa de crecimiento con sus soluciones financieras.
트리니티 캐피탈 주식회사 (Nasdaq: TRIN)이 신용 시설 확대를 발표하며 총 약정을 4억 4천만 달러에서 5억 1천만 달러로 증가시켰습니다. 이 7천만 달러 증가는 기존의 accordion 기능을 통해 이루어졌으며, 두 명의 새로운 대출자에 의해 제공되어 다변화된 은행 컨소시엄의 총 참여자를 13명으로 늘렸습니다. KeyBank N.A.에 의해 주도되는 신용 시설은 이제 최대 6억 9천만 달러의 약정을 허용하는 accordion 기능을 갖추고 있습니다.
이번 확장은 트리니티가 성장 단계 기업에 다변화된 금융 솔루션을 제공하는 주요 업체로서의 능력을 강화합니다. 증가된 신용 시설은 트리니티의 새로운 대출자를 유치하고 재정 자원을 확장할 수 있는 능력을 나타내며, 이는 회사가 더욱 많은 성장 단계 기업을 재정 솔루션으로 지원할 수 있게 할 것입니다.
Trinity Capital Inc. (Nasdaq: TRIN) a annoncé une extension de sa ligne de crédit, augmentant les engagements totaux de 440 millions de dollars à 510 millions de dollars. Cette augmentation de 70 millions de dollars a été réalisée grâce à la fonctionnalité d'accordion existante et a été fournie par deux nouveaux prêteurs, portant le nombre total de participants dans le syndicat bancaire diversifié à 13. La ligne de crédit, dirigée par KeyBank N.A., dispose maintenant d'une fonctionnalité d'accordion permettant des engagements maximaux allant jusqu'à 690 millions de dollars.
Cette expansion renforce la capacité de Trinity en tant que fournisseur leader de solutions financières diversifiées pour les entreprises en phase de croissance. La ligne de crédit augmentée démontre la capacité de Trinity à attirer de nouveaux prêteurs et à élargir ses ressources financières, permettant potentiellement à l'entreprise de soutenir davantage d'entreprises en phase de croissance avec ses solutions financières.
Trinity Capital Inc. (Nasdaq: TRIN) hat eine Erweiterung seiner Kreditfazilität angekündigt, wodurch die Gesamtverpflichtungen von 440 Millionen Dollar auf 510 Millionen Dollar erhöht wurden. Diese Erhöhung um 70 Millionen Dollar wurde durch das bestehende Accordion-Feature erreicht und wurde von zwei neuen Kreditgebern bereitgestellt, wodurch die Gesamtzahl der Teilnehmer im diversifizierten Bankenkonsortium auf 13 gebracht wurde. Die Kreditfazilität, die von KeyBank N.A. geleitet wird, verfügt jetzt über ein Accordion-Feature, das maximale Verpflichtungen von bis zu 690 Millionen Dollar ermöglicht.
Diese Erweiterung verbessert Trinities Kapazität als führender Anbieter von diversifizierten Finanzlösungen für Unternehmen in der Wachstumsphase. Die erhöhte Kreditfazilität zeigt Trinities Fähigkeit, neue Kreditgeber anzuziehen und ihre finanziellen Ressourcen zu erweitern, was es dem Unternehmen potenziell ermöglicht, mehr Unternehmen in der Wachstumsphase mit seinen Finanzlösungen zu unterstützen.
- Credit facility increased by $70 million to $510 million total commitments
- Two new lenders added to the bank syndicate, now totaling 13 participants
- Accordion feature allows for further expansion up to $690 million
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Trinity Capital's credit facility expansion to
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The expansion of Trinity Capital's credit facility reflects positively on the broader venture debt market. With increased capital availability, Trinity is well-positioned to meet the growing demand for alternative financing among growth-stage companies. This move could potentially lead to market share gains for Trinity in a competitive landscape.
The timing of this expansion is noteworthy, suggesting Trinity sees robust deal flow despite macroeconomic uncertainties. This could indicate resilience in the tech and life sciences sectors, Trinity's primary focus areas. Investors should view this as a positive signal for the overall health of the growth-stage company ecosystem. However, it's important to monitor how effectively Trinity deploys this capital and whether it can maintain its historical returns in an increasingly competitive market.
The credit facility was expanded under the existing accordion feature by
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-stage 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.
Contact
Ben Malcolmson
Head of Investor Relations
Trinity Capital Inc.
ir@trincapinvestment.com
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SOURCE Trinity Capital Inc.
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