Trinity Capital Inc. (TRIN): debt financing — Trinity Capital issues $125M of 6.750% notes due 2030, net proceeds ~$121.23M to repay secured debt

Trinity Capital Inc.

$125M aggregate principal of 6.750% notes due July 3, 2030, interest payable semi-annually on Jan 3 and Jul 3.
Net proceeds ~$121.23M after underwriting discounts and estimated offering expenses.
Proceeds used to repay outstanding secured indebtedness under KeyBank credit agreement.
Notes are direct unsecured obligations, ranking senior to subordinated debt and pari passu with existing unsecured unsubordinated debt.
Change of control repurchase at 100% of principal plus accrued interest, if triggered.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Trinity Capital Inc. incurred senior notes of $125,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 6.750% per year maturing July 3, 2030.

Instrument: senior notes
Principal: $125,000,000 aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 6.750% per year
Maturity: July 3, 2030
Event: incurrence

Exact text from the filing

2020, between the Company and the Trustee (the “Base Indenture”; and together with the Seventh Supplemental Indenture, the “Indenture”), relating to the Company’s issuance of $125,000,000 aggregate principal amount of its 6.750% notes due 2030 (the “Notes”). The Notes will mature on July 3, 2030, and may be redeemed in whole or in part at the Company’s option at

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Trinity Capital Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-061484

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