Trinity Capital Inc. Increases its Credit Facility to $690 Million

Rhea-AI Summary

Trinity Capital (NASDAQ:TRIN), an alternative asset manager, has announced a significant expansion of its credit facility led by KeyBank N.A. The facility has been increased by $90 million through its existing accordion feature, bringing total commitments from $600 million to $690 million. The credit facility is supported by a diverse syndicate of 13 bank participants.

The expanded facility will provide Trinity with additional liquidity to support the future growth of its platform, as noted by CFO Michael Testa.

Positive

• Credit facility increased by $90 million, reaching $690 million total commitments
• Strong banking relationships demonstrated through participation of 13 bank partners
• Additional liquidity available for platform growth
• Successfully utilized existing accordion feature for expansion

Negative

• Increased debt obligations could lead to higher interest expenses
• Greater leverage may increase financial risk

News Market Reaction

+0.25%

1 alert

+0.25% News Effect

On the day this news was published, TRIN gained 0.25%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

PHOENIX, Sept. 4, 2025 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity Capital" or "the Company"), a leading alternative asset manager, today announced an increase to $690 million of total commitments under its credit facility led by KeyBank N.A.

The credit facility was expanded under the existing accordion feature by $90 million, bringing total commitments from $600 million to $690 million. A diversified syndicate of 13 bank participants makes up the credit facility.

"We greatly value the continued partnership and confidence shown by our 13 banking partners," said Michael Testa, Trinity's Chief Financial Officer. "This increase in our credit facility provides meaningful liquidity to help drive the future growth of our platform."

About Trinity Capital Inc.

Trinity Capital Inc. (NASDAQ: TRIN) is an international alternative asset manager that seeks to deliver consistent returns for investors through access to private credit markets. Trinity Capital sources and structures investments in well-capitalized growth-oriented companies across five distinct lending verticals: Sponsor Finance, Equipment Finance, Tech Lending, Asset-Based Lending, and Life Sciences. As a long-term, trusted partner for innovative companies seeking tailored debt solutions, Trinity Capital has deployed more than $4.7 billion across over 420 investments since inception in 2008 (As of June 30, 2025). Headquartered in Phoenix, Arizona, Trinity Capital's dedicated team is strategically located across the United States and Europe. For more information on Trinity Capital, please visit trinitycapital.com and stay connected to the latest activity via LinkedIn and X (@trincapital).

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SOURCE Trinity Capital Inc.

FAQ

How much did Trinity Capital (TRIN) increase its credit facility by in September 2025?

Trinity Capital increased its credit facility by $90 million, bringing total commitments from $600 million to $690 million.

Who is the lead bank for Trinity Capital's expanded credit facility?

KeyBank N.A. is the lead bank for Trinity Capital's expanded credit facility.

How many banks participate in Trinity Capital's credit facility syndicate?

Trinity Capital's credit facility includes a diversified syndicate of 13 bank participants.

What is the purpose of Trinity Capital's credit facility expansion?

The increased credit facility provides additional liquidity to help drive the future growth of Trinity Capital's platform.

Who is the CFO of Trinity Capital in 2025?

Michael Testa serves as Trinity Capital's Chief Financial Officer.