Trinity Capital enters $100M ATM offering for 7.875% Notes due 2029

Trinity Capital Inc.

Entered open market sale agreement with B. Riley Securities for up to $100M principal of 7.875% Notes due 2029.
Proceeds to pay down existing credit facility with KeyBank and for investments/general corporate purposes.
Notes issued as fungible reopenings of existing March 2029 (TRINZ) and September 2029 (TRINI) series.
Sales Agent commission capped at 2.00% of gross proceeds; sales at market prices via Nasdaq or to agent as principal.
Credit facility maturity Oct 2026 with $290M outstanding as of Sep 30, 2024; borrowing rate SOFR + 2.85-3.25%.

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