Trinity Capital issues $100M of 7.875% notes due 2029; launches private credit fund with $60M commitments

Trinity Capital Inc.

Underwritten public offering of $100M aggregate principal of 7.875% Notes due 2029; over-allotment option for additional $15M.
Net proceeds of ~$96.83M to repay Credit Agreement borrowings and redeem a portion of 7.00% Notes due 2025.
Adviser Sub launched private credit fund (PCF) on June 28, 2024; company committed $10M alongside $50M from specialty credit manager.
In Q2 2024, originated $289M in new commitments, funded $231M gross, and received $180M in repayments (preliminary).

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