PHOENIX, Aug. 3, 2023
/PRNewswire/ -- Trinity Capital Inc. ("Trinity") (NASDAQ:
TRIN, TRINL), an internally managed business development company,
today announced that it has priced an underwritten public offering
of $75.0 million of shares of its
common stock at a public offering price of $14.45 per share. In connection with the proposed
offering, Trinity has granted the underwriters a 30-day option to
purchase up to 778,546 additional shares of its common stock. All
of the shares of common stock to be sold in the offering are to be
sold by Trinity. The completion of the offering is subject to
customary closing conditions. The shares of common stock are
expected to be delivered on August 8,
2023.
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, to make investments in accordance with
its investment objective and investment strategy, and for general
corporate purposes.
UBS Investment Bank, Morgan Stanley, Keefe, Bruyette &
Woods, A Stifel Company, RBC Capital Markets, and Wells
Fargo Securities are acting as joint-lead book-running managers for
the offering. Compass Point, Ladenburg Thalmann and
Oppenheimer & Co. are acting as co-managers for the
offering.
The shares are being sold pursuant to an effective shelf
registration statement on Form N-2 that has been filed with, and
has been declared effective by, the Securities and Exchange
Commission ("SEC").
Investors are advised to carefully consider the investment
objectives, risks and charges and expenses of Trinity before
investing. The preliminary prospectus, dated August 3, 2023, and accompanying prospectus,
dated January 27, 2022, each of which
has been filed with the SEC, contain a description of these matters
and other important information about Trinity and should be read
carefully before investing.
This press release will not constitute an offer to sell or
the solicitation of an offer to buy the securities described above
nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to their registration or qualification under the
securities laws of any such state or jurisdiction. Offers of
these securities are made only by means of the prospectus. The SEC
has not approved or disapproved these securities or passed upon the
adequacy of the preliminary prospectus. Any representation to the
contrary is a criminal offense.
A shelf registration statement relating to these securities
is on file with and has been declared effective by the SEC. The
offering may be made only by means of a prospectus and a related
prospectus supplement, copies of which may be obtained, when
available, from: UBS Securities LLC, Attention: Prospectus
Department, 1285 Avenue of the Americas, New York, NY 10019, or by emailing
ol-prospectus-request@ubs.com; Morgan Stanley & Co. LLC, Attn:
Prospectus Department, 180 Varick Street, New York, NY 10014; Keefe, Bruyette &
Woods, Inc., Attn: Equity Capital Markets, 787 7th Avenue, 4th
Floor, New York, NY 10019,
telephone: 1-800-966-1559, or by emailing USCapitalMarkets@kbw.com;
RBC Capital Markets, LLC at 200 Vesey Street, 8th Floor,
New York, New York, 10281, Attn:
Prospectus Department, or by telephone at (877) 822-4089; or Wells
Fargo Securities, LLC, Attention: Equity Syndicate Department, 30
Hudson Yards, New York, NY, 10001,
telephone: (800) 326-5897 or by emailing
cmclientsupport@wellsfargo.com.
About Trinity Capital Inc.
Trinity (NASDAQ: TRIN, TRINL), an internally managed specialty
lending company that has elected to be regulated as a business
development company under the Investment Company Act of 1940, as
amended, is a leading provider of debt, including loans and
equipment financing, to growth stage companies, including
venture-backed companies and companies with institutional equity
investors. Trinity's investment objective is to generate current
income and, to a lesser extent, capital appreciation through
investments consisting primarily of term loans and equipment
financings and, to a lesser extent, working capital loans, equity
and equity-related investments. Trinity 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.
Forward-Looking Statements
This press release may contain "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Statements other than statements of historical facts
included in this press release may constitute forward-looking
statements and are not guarantees of future performance or results
and involve a number of risks and uncertainties. Actual results may
differ materially from those in the forward-looking statements as a
result of a number of factors, including those described from time
to time in filings with the SEC. Trinity undertakes no duty to
update any forward-looking statement made herein. All
forward-looking statements speak only as of the date of this press
release.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/trinity-capital-inc-announces-pricing-of-75-0-million-of-shares-of-common-stock-301893339.html
SOURCE Trinity Capital Inc.