Trinity Capital Inc. Increases its Credit Facility to $690 Million
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.
Trinity Capital (NASDAQ:TRIN), gestore di asset alternativi, ha annunciato una significativa espansione della sua linea di credito guidata da KeyBank N.A. La struttura è stata aumentata di 90 milioni di dollari tramite la clausola accordion esistente, portando gli impegni complessivi da 600 a 690 milioni di dollari. La linea di credito è sostenuta da un sindacato eterogeneo composto da 13 banche partecipanti.
Secondo il CFO Michael Testa, l’ampliamento fornirà a Trinity liquidità aggiuntiva per sostenere la crescita futura della sua piattaforma.
Trinity Capital (NASDAQ:TRIN), un gestor de activos alternativos, ha anunciado una ampliación significativa de su línea de crédito liderada por KeyBank N.A. La facilidad se incrementó en 90 millones de dólares mediante la cláusula accordion existente, elevando los compromisos totales de 600 a 690 millones de dólares. La línea de crédito cuenta con el respaldo de un sindicato diverso de 13 bancos participantes.
Según el CFO Michael Testa, la ampliación proporcionará a Trinity liquidez adicional para apoyar el crecimiento futuro de su plataforma.
Trinity Capital (NASDAQ:TRIN)는 대체 자산 운용사로서 KeyBank N.A.가 주도하는 신용 한도를 대폭 확대했다고 발표했습니다. 기존 오케디언(accordion) 기능을 통해 9,000만 달러가 증액되어 총 약정액이 6억 달러에서 6억9,000만 달러로 늘어났습니다. 해당 신용 한도는 13개 은행 참여자로 구성된 다양한 신디케이트가 지원합니다.
재무총책임자(CFO) Michael Testa에 따르면 이번 확대는 Trinity가 플랫폼의 향후 성장을 지원할 추가 유동성을 제공할 것입니다.
Trinity Capital (NASDAQ:TRIN), une société de gestion d'actifs alternatifs, a annoncé une importante extension de sa facilité de crédit, menée par KeyBank N.A. La facilité a été augmentée de 90 millions de dollars via la clause d'accordion existante, portant les engagements totaux de 600 à 690 millions de dollars. La facilité de crédit est soutenue par un syndicat diversifié de 13 banques participantes.
Selon le directeur financier Michael Testa, cette extension fournira à Trinity une liquidité supplémentaire pour soutenir la croissance future de sa plateforme.
Trinity Capital (NASDAQ:TRIN), ein Asset-Manager für alternative Anlagen, hat eine wesentliche Erweiterung seiner Kreditfazilität unter Führung von KeyBank N.A. bekanntgegeben. Die Fazilität wurde über die bestehende Accordion-Klausel um 90 Millionen US-Dollar erhöht, wodurch sich die Gesamtzusagen von 600 auf 690 Millionen US-Dollar erhöhten. Die Kreditfazilität wird von einem vielfältigen Konsortium aus 13 Bankteilnehmern getragen.
Dem CFO Michael Testa zufolge verschafft die erweiterte Fazilität Trinity zusätzliche Liquidität, um das künftige Wachstum der Plattform zu unterstützen.
- 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
- Increased debt obligations could lead to higher interest expenses
- Greater leverage may increase financial risk
The credit facility was expanded under the existing accordion feature by
"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
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SOURCE Trinity Capital Inc.
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