debt
confidence high
sentiment positive
materiality 0.70
Trinity Capital expands KeyBank credit facility to $440M, accordion up to $690M, extends maturity to 2029
Trinity Capital Inc.
- Commitment increased from $350M to $440M; accordion feature allows up to $690M.
- Maturity extended from October 2026 to July 27, 2029.
- Advance rates set at up to 62% on first-lien loans and up to 42% on second-lien loans.
- Lender group expanded to 11 banks; recent $115M notes issuance also bolsters liquidity.
- CEO Kyle Brown says expansion supports growth and market opportunities.