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Stock impact report

Trinity Capital Inc. Prices Offering of $100.0 Million of 7.875% Notes due 2029 [Yahoo! Finance]

Trinity Capital Inc. (TRIN) 
Company Research Source: Yahoo! Finance
announced that it has priced an underwritten public offering of $100.0 million in aggregate principal amount of 7.875% notes due 2029 (the "Notes"). The Notes will mature on March 30, 2029 , and may be redeemed in whole or in part at any time or from time to time at the Company's option on or after March 30 , 2026. In connection with the offering, Trinity has granted the underwriters a 30-day option to purchase additional Notes in an amount up to $15.0 million to cover overallotments, if any. The Notes are being issued at 100% of the principal amount per Note. The offering is subject to customary closing conditions and is expected to close on March 28, 2024 . Trinity intends to list the Notes on the Nasdaq Global Select Market within 30 days of the issue date of the Notes under the symbol "TRINZ." Trinity intends to use the net proceeds from this offering to pay down a portion of its existing indebtedness outstanding under its KeyBank Credit Facility and, depending on the remainin Show less Read more
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