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An announcement from Trinity Capital (TRIN) is now available.
Trinity Capital Inc. successfully entered into an agreement with a team of underwriters to offer $100 million in 7.875% Notes due in 2029, with an option for an additional $15 million to cover over-allotments. The proceeds are aimed at reducing existing debt, including a portion of their 2025 Notes, and will be listed on Nasdaq under the symbol “TRINI”. These unsecured obligations offer quarterly interest payments and are redeemable at the company’s discretion post-2026. Trinity’s subsidiary also began advising a private credit fund, with both entities making significant capital commitments.
For an in-depth examination of TRIN stock, go to TipRanks’ Stock Analysis page.
