Trinity Capital Inc. Increases its Credit Facility to $600 Million
Trinity Capital Inc. (Nasdaq: TRIN) has announced an expansion of its credit facility to $600 million, representing a $90 million increase from the previous $510 million commitment. The expansion was executed under the existing accordion feature, which allows for maximum commitments of up to $690 million. The additional funding was provided by a diversified bank syndicate comprising 13 participants, led by KeyBank N.A. The increased facility enhances Trinity's ability to grow its platform while maintaining substantial liquidity.
Trinity Capital Inc. (Nasdaq: TRIN) ha annunciato un'espansione della sua linea di credito a 600 milioni di dollari, che rappresenta un incremento di 90 milioni di dollari rispetto all'impegno precedente di 510 milioni di dollari. L'espansione è stata eseguita sotto l'attuale funzionalità di accordion, che consente impegni massimi fino a 690 milioni di dollari. Il finanziamento aggiuntivo è stato fornito da un sindacato bancario diversificato composto da 13 partecipanti, guidato da KeyBank N.A. L'aumento della linea di credito migliora la capacità di Trinity di far crescere la sua piattaforma mantenendo una liquidità sostanziale.
Trinity Capital Inc. (Nasdaq: TRIN) ha anunciado una expansión de su línea de crédito a 600 millones de dólares, lo que representa un incremento de 90 millones de dólares respecto al compromiso anterior de 510 millones de dólares. La expansión se llevó a cabo bajo la función de accordion existente, que permite compromisos máximos de hasta 690 millones de dólares. La financiación adicional fue proporcionada por un sindicato bancario diversificado compuesto por 13 participantes, encabezado por KeyBank N.A. La mayor línea de crédito mejora la capacidad de Trinity para hacer crecer su plataforma mientras mantiene una liquidez sustancial.
트리니티 캐피털 주식회사 (Nasdaq: TRIN)는 신용 한도를 6억 달러로 확장한다고 발표했습니다. 이는 이전의 5억 1천만 달러 약속에서 9천만 달러 증가한 것입니다. 이번 확장은 최대 6억 9천만 달러의 약정을 허용하는 기존의 애코디언 기능 하에 실행되었습니다. 추가 자금은 KeyBank N.A.가 이끄는 13개 참가자로 구성된 다양한 은행 연합에 의해 제공되었습니다. 증가된 신용 한도는 트리니티가 상당한 유동성을 유지하면서 플랫폼을 성장시키는 능력을 향상시킵니다.
Trinity Capital Inc. (Nasdaq: TRIN) a annoncé une expansion de sa ligne de crédit à 600 millions de dollars, représentant une augmentation de 90 millions de dollars par rapport à l'engagement précédent de 510 millions de dollars. L'expansion a été réalisée dans le cadre de la fonction d'accordéon existante, qui permet des engagements maximums allant jusqu'à 690 millions de dollars. Le financement supplémentaire a été fourni par un syndicat bancaire diversifié composé de 13 participants, dirigé par KeyBank N.A. L'augmentation de la ligne de crédit renforce la capacité de Trinity à développer sa plateforme tout en maintenant une liquidité substantielle.
Trinity Capital Inc. (Nasdaq: TRIN) hat eine Erweiterung seiner Kreditfazilität auf 600 Millionen US-Dollar angekündigt, was eine Erhöhung um 90 Millionen US-Dollar gegenüber dem vorherigen Engagement von 510 Millionen US-Dollar darstellt. Die Erweiterung wurde im Rahmen des bestehenden Accordion-Features durchgeführt, das maximale Verpflichtungen von bis zu 690 Millionen US-Dollar zulässt. Die zusätzliche Finanzierung wurde von einem diversifizierten Bankenkonsortium mit 13 Teilnehmern bereitgestellt, das von KeyBank N.A. geleitet wird. Die erhöhte Fazilität verbessert die Fähigkeit von Trinity, seine Plattform auszubauen und gleichzeitig eine erhebliche Liquidität zu erhalten.
- Secured $90 million increase in credit facility commitments
- Enhanced financial flexibility with total credit facility now at $600 million
- Maintained additional expansion potential up to $690 million through accordion feature
- Strong banking relationships demonstrated by 13-bank syndicate participation
- None.
Insights
The credit facility was expanded under the existing accordion feature by
"We appreciate the continued commitment and support from our valued banking partners," said Michael Testa, Trinity's Chief Financial Officer. "This upsize to the credit facility allows us to continue to grow our platform while maintaining access to significant liquidity."
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.
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SOURCE Trinity Capital Inc.
FAQ
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