TRIN - Trinity Capital prices stock offering

Trinity Capital (TRIN -4.9%) has priced its underwritten public offering of $50M shares of its common stock at $18.15/share. Underwriters have been granted a 30-day option to purchase up to 413,226 additional shares. The completion of the offering is subject to customary closing conditions and the shares are expected to be delivered on April 7, 2022. Net proceeds from this offering will be used to pay down a portion of existing indebtedness outstanding under the company's KeyBank Credit Facility, to make investments in accordance with its investment objective and investment strategy, and for general corporate purposes.

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Trinity Capital prices stock offering