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Trinity Capital Inc. Enters Into New $300 Million Credit Facility With Keybank

Trinity Capital Inc. Enters Into New $300 Million Credit Facility With Keybank

11/01/21, 8:00 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgphoenix
Money raised
$300 million
Industry
lending and investments
financial services
Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity"), a leading specialty lending company that provides debt, including loans and equipment financing, to growth stage companies backed by technology banks, venture capital and private equity firms, today announced that it has entered into a new $300 million credit facility led by KeyBank N.A. ("Key Bank"). KeyBank is leading the credit facility with a commitment of $75 million, and the facility can accordion to $300 million as additional lenders are added to the lending syndicate, subject to the facility's credit agreement.

Company Info

Company
Trinity Capital
Location
phoenix, arizona, united states
Additional Info
Trinity (Nasdaq: TRIN), an internally managed specialty lending company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended, is a leading provider of debt, including loans and equipment financing, to growth stage companies, including venture-backed companies and companies with institutional equity investors. Trinity's investment objective is to generate current income and, to a lesser extent, capital appreciation through investments consisting primarily of term loans and equipment financings and, to a lesser extent, working capital loans, equity and equity-related investments. Trinity believes it is one of only a select group of specialty lenders that has the depth of knowledge, experience, and track record in lending to growth stage companies.