Trinity Capital Inc. announced that it has priced an underwritten public offering of $350 million in aggregate principal amount of 7.50% notes due 2032 (the "Notes").

The Notes will mature on Jan. 15, 2032 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 7.50% per year, payable semiannually commencing on Jan. 15, 2027.

The offering is subject to customary closing conditions and is expected to close on Oct. 5, 2026.

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