secwatch.observer — SEC 8-K summary
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Issuer:     Trinity Capital Inc. (TRIN)
CIK:        0001786108
Form:       8-K
Filed at:   2025-02-10T23:59:59+00:00
Accession:  0001213900-25-011796
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1786108/000121390025011796/0001213900-25-011796-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1786108/000121390025011796/ea0230438-01_8k.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-011796

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