Phoenix – September 30, 2026 -- Trinity Capital Inc. (NYSE: TRIN) has priced an underwritten public offering of $350.0 million in aggregate principal amount of 7.50% notes due 2032, the alternative asset manager announced.
Notes carry a 7.50% coupon with semiannual payments starting January 2027.
The unsecured notes will mature on January 15, 2032, with interest payable twice yearly commencing January 15, 2027. Trinity Capital retains the option to redeem the notes in whole or in part at any time at par, plus a make-whole premium if applicable.
Closing is set for October 5, 2026, pending customary conditions.
The offering remains subject to standard closing conditions ahead of the expected settlement date.
Proceeds will reduce debt under the KeyBank Credit Facility.
Trinity Capital intends to direct net proceeds toward paying down a portion of its existing indebtedness under the KeyBank Credit Facility, with remaining funds allocated to general corporate purposes.
Keefe, Bruyette & Woods and MUFG Securities Americas lead the deal.
Keefe, Bruyette & Woods, A Stifel Company, and MUFG Securities Americas Inc. are serving as joint book-running managers for the offering. The transaction was conducted under a shelf registration statement filed with the SEC, with a preliminary prospectus supplement dated September 30, 2026 and an accompanying prospectus dated August 11, 2025.