Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.