MGRD - New Preferred Stock And Exchange Traded Debt IPOs April 2024

2024-05-01 08:55:54 ET

Summary

• Trinity Capital priced an offering of $100 million worth of new 7.875% notes due 2029.
• Affiliated Managers Group priced an offering of $400 million worth of new 6.75% junior subordinated notes due 2064.
• Eagle Point Income Company priced an offering of $30 million worth of new series C term preferred stock due 2029.

New offering summaries

Internally managed Business Development Company ((BDC)), Trinity Capital Inc. ( TRIN ), priced an offering of $100 million worth of new 7.875% notes due 2029. The new notes were rated BBB by both Egan-Jones and Morningstar, trade on the Nasdaq under the symbol [[TRINZ]]. The company may optionally redeem the new notes in March of 2026....

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