Trinity Capital raises ~$72.5M in common stock offering; proceeds to repay KeyBank credit facility

Trinity Capital Inc.

Issued 5,190,312 shares of common stock at $14.45 per share, netting ~$72.5M after discounts and expenses.
Underwriters granted 30-day option to purchase up to 778,546 additional shares.
Net proceeds of ~$72.5M will be used to repay a portion of the secured revolving credit facility with KeyBank.
Executives and directors subject to 60-day lock-up on selling company securities.
Underwriting agreement involves UBS, Morgan Stanley, KBW, RBC, and Wells Fargo as representatives.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Trinity Capital Inc. entered into Underwriting Agreement with UBS Securities LLC, Morgan Stanley & Co., LLC, Keefe, Bruyette & Woods Inc., RBC Capital Markets, LLC and Wells Fargo Securities, LLC valued at Issued 5,190,312 shares at $14.45 per share, net proceeds approximately $72.5 million (effective 2023-08-03).

Action: entry
Agreement: underwriting
Counterparty: UBS Securities LLC, Morgan Stanley & Co., LLC, Keefe, Bruyette & Woods Inc., RBC Capital Markets, LLC and Wells Fargo Securities, LLC
Value: Issued 5,190,312 shares at $14.45 per share, net proceeds approximately $72.5 million
Effective: 2023-08-03

Exact text from the filing

On August 3, 2023, Trinity Capital Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”), with UBS Securities LLC, Morgan Stanley & Co., LLC, Keefe, Bruyette & Woods Inc., RBC Capital Markets, LLC and Wells Fargo Securities, LLC as representatives of the several underwriters named on Schedule A thereto (collectively, the “Underwriters”).

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Trinity Capital Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-064575

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