Trinity Capital prices $350M 7.500% notes due 2032, net proceeds $342.61M to repay KeyBank debt

Trinity Capital Inc.

Trinity Capital entered an underwriting agreement on Sept 30, 2026 with Keefe, Bruyette & Woods and MUFG Securities for $350,000,000 of 7.500% notes due 2032.
The notes mature Jan 15, 2032; interest is 7.500% payable Jan 15 and Jul 15, starting Jan 15, 2027; they are redeemable before Dec 15, 2031 with make-whole.
Net proceeds were about $342.61 million; Trinity intends to repay outstanding secured indebtedness under its KeyBank credit agreement.
Trinity and U.S. Bank Trust Company, National Association entered a ninth supplemental indenture on Oct 5, 2026; the transaction closed Oct 5, 2026.
The notes are senior unsecured obligations, rank pari passu with existing unsecured unsubordinated debt, and rank structurally junior to subsidiary obligations.

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