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Trinity Capital Increases Capital Resources with $300MM Credit Facility

February 20, 2020, 07:08 AM
Filed Under: Industry News
Related: Credit Suisse

Trinity Capital Inc., a specialty lending company that provides debt and equipment lease financing to growth stage companies backed by technology banks, venture capital and private equity firms, announced that effective Jan. 16, 2020, it became a party to a $300 million credit facility with affiliates of Credit Suisse AG. The credit facility is scheduled to mature on Jan. 8, 2022, unless extended. As of Feb. 17, Trinity had $160 million in borrowings outstanding under the credit facility.

“We’re excited to finalize this very important part of our capitalization, adding to the equity and unsecured debt raise we recently announced,” said Steve Brown, Chairman and CEO of Trinity. “We believe this credit facility will allow us to continue to grow as we scale our lending and equipment lease financing platform.”

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