Trinity Capital, a leading alternative asset manager, announced that it has priced an upsized underwritten public offering of $125 million in aggregate principal amount of 6.75% notes due 2030. The Notes will mature on July 3, 2030, and may be redeemed in whole or in part at any time or from time to time at the Company's option at par, plus a "make whole" premium, if applicable. The Notes are unsecured and bear interest at a rate of 6.75% per year, payable semiannually commencing on Jan. 3, 2026.

The offering is subject to customary closing conditions and is expected to close on July 3, 2025.

The Company intends to use the net proceeds from the offering to pay down a portion of its existing indebtedness outstanding under its KeyBank Credit Facility.

Keefe, Bruyette & Woods, A Stifel Company, and Morgan Stanley are acting as the joint book-running managers for the offering. MUFG Securities Americas Inc. and Zions Direct, Inc. are acting as co-managers.