secwatch.observer — SEC 8-K summary
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Issuer:     Trinity Capital Inc. (TRIN)
CIK:        0001786108
Form:       8-K
Filed at:   2025-07-03T23:59:59+00:00
Accession:  0001213900-25-061484
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Trinity Capital issues $125M of 6.750% notes due 2030, net proceeds ~$121.23M to repay secured debt
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1786108/000121390025061484/0001213900-25-061484-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1786108/000121390025061484/ea0248131-01_8k.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-061484

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