PHOENIX, Sept. 19,
2024 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq:
TRIN) ("Trinity" or the "Company"), a leading provider of
diversified financial solutions to growth-stage companies, today
announced an increase to $510 million
of total commitments under its credit facility led by KeyBank
N.A.
The credit facility was expanded under the existing accordion
feature by $70 million, bringing
total commitments from $440 million
to $510 million. The $70 million increase was provided by two new
lenders, bringing the diversified bank syndicate to 13
participants. The existing credit facility accordion feature allows
for maximum commitments of up to $690
million.
About Trinity Capital Inc.
Trinity Capital
Inc. (Nasdaq: TRIN), an internally managed business
development company, is a leading provider of diversified financial
solutions to growth-stage companies with institutional equity
investors. Trinity Capital's investment objective is to
generate current income and, to a lesser extent, capital
appreciation through investments, including term loans and
equipment financings and equity-related investments. Trinity
Capital believes it is one of only a select group of specialty
lenders that has the depth of knowledge, experience and track
record in lending to growth stage companies. For more information,
please visit the Company's website at www.trinitycap.com.
Contact
Ben
Malcolmson
Head of Investor Relations
Trinity Capital Inc.
ir@trincapinvestment.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/trinity-capital-inc-increases-its-credit-facility-to-510-million-302253758.html
SOURCE Trinity Capital Inc.