Trinity Capital Inc. entered into an underwriting agreement on September 30, 2026, to issue and sell $350,000,000 in aggregate principal amount of 7.500% Notes due 2032. The underwriters for the transaction are Keefe, Bruyette & Woods, Inc. and MUFG Securities Americas Inc.
The notes are direct, general unsecured obligations of the company. They bear interest at a rate of 7.500% per year, payable semi-annually on January 15 and July 15 of each year, commencing on January 15, 2027. The notes will mature on January 15, 2032, and may be redeemed in whole or in part at the company's option prior to December 15, 2031, at par value plus a "make-whole" premium.
On October 5, 2026, the company and U.S. Bank Trust Company, National Association executed a ninth supplemental indenture to the base indenture dated January 16, 2020. The transaction closed on this date. After deducting underwriting discounts and estimated offering expenses, the net proceeds to the company were approximately $342.61 million.
Trinity Capital Inc. intends to use the net proceeds from this offering to repay outstanding secured indebtedness under its credit agreement with KeyBank, National Association.
