2023-08-03 17:57:38 ET
- Trinity Capital ( NASDAQ: TRIN ) plans to raise $75 million through an underwritten public offering of shares of its common stock, the company said Thursday.
- The underwriters have a 30-day option to purchase additional shares of its common stock.
- All of the shares of common stock to be sold in the offering are to be sold by the company.
- The pricing terms and number of shares to be offered were not disclosed.
- The net proceeds will be used to pay down a portion of its existing indebtedness outstanding under its KeyBank Credit Facility, and for general corporate purposes, among other things.
- UBS Investment Bank, Morgan Stanley, Keefe, Bruyette & Woods, A Stifel Company, RBC Capital Markets, and Wells Fargo Securities are acting as joint-lead book-running managers for the offering.
- Press Release .
- Shares -6.4% at $14.31 after hours.
For further details see:
Trinity Capital plans for $75M stock offering, shares fall