PHOENIX, Dec. 10,
2024 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq:
TRIN) ("Trinity" or the "Company"), a leading provider of
diversified financial solutions to growth-oriented companies, today
announced an increase to $600 million
of total commitments under its credit facility led by KeyBank
N.A.
The credit facility was expanded under the existing accordion
feature by $90 million, bringing
total commitments from $510 million
to $600 million. The $90 million increase was provided by the
diversified bank syndicate of 13 participants. The existing credit
facility accordion feature allows for maximum commitments of up to
$690 million.
"We appreciate the continued commitment and support from our
valued banking partners," said Michael
Testa, Trinity's Chief Financial Officer. "This upsize to
the credit facility allows us to continue to grow our platform
while maintaining access to significant liquidity."
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-oriented 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.
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SOURCE Trinity Capital Inc.