debt
confidence high
sentiment positive
materiality 0.65
Rigetti Computing pays off $10.5M loan with Trinity Capital, terminates agreement
Rigetti Computing, Inc.
- Paid total of ~$10.5M to terminate Loan and Security Agreement with Trinity Capital, including $9.5M principal, $0.9M accrued interest/fees/end-of-term, and ~$75,900 prepayment fee.
- Borrowers included Rigetti Computing, Rigetti & Co., LLC, and Rigetti Intermediate LLC.
- Company used cash on hand to prepay the loan, extinguishing all indebtedness effective December 9, 2024.
- Removal of debt obligations and associated covenants; balance sheet now debt-free from this facility.