Trinity Capital Prices $300M Senior Unsecured Notes at T+287.5bps
TRIN sits 26% above its 52-week low of $14.13.
Summary
Trinity Capital priced a $300 million senior unsecured note offering at T+287.5bps, later upsized to $350 million with a 7.500% coupon, maturing January 15, 2032, with proceeds earmarked to pay down its KeyBank Credit Facility.
Updated with an SEC FWP filing · What changed
Updates
· SEC FWP — Trinity Capital upsized the offering to $350 million with a 7.500% coupon, priced at 99.104% to yield 7.714%.
Key Events · Financing and Capital Events · TRIN
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Updated · · SEC FWP
$350M Senior Note Offering Priced
Trinity Capital priced $300 million of SEC-registered senior unsecured notes at T+287.5bps, later upsized to $350 million with a 7.500% coupon, with a 5-year tenor maturing January 15, 2032. The notes were priced at 99.104% to yield 7.714%.
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Proceeds to Refinance KeyBank Facility
Use of proceeds will pay down a portion of existing indebtedness under the KeyBank Credit Facility, with the remainder for general corporate purposes.
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Investment-Grade Ratings
The notes carry investment-grade ratings: Moody's Baa3/Stable, DBRS BBBL/Positive, and Egan-Jones BBB/Stable.
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Settlement Set for October 5, 2026
The offering is expected to settle T+3 on October 5, 2026, with KBW and MUFG acting as active bookrunning managers.
Analysis · TRIN · Unknown
Trinity Capital finalized terms on a $300 million SEC-registered senior unsecured note offering, later upsized to $350 million, pricing at a spread of T+287.5 basis points with a 7.500% coupon and a 5-year tenor maturing January 15, 2032. The notes were priced at 99.104% to yield 7.714%. Proceeds will pay down a portion of the KeyBank Credit Facility and fund general corporate purposes. The deal follows investor calls announced two days ago and represents a meaningful refinancing that extends the company's debt maturity profile while locking in investment-grade-rated funding.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1498 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, TRIN was trading at $17.75 on NYSE in the Unknown sector, with a market capitalization of approximately $1.7B. The 52-week trading range was $14.13 to $18.90. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.