Trinity Capital Inc. (TRIN) Prices $50M Offering at $18.15/sh

Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity"), an internally managed business development company, today announced that it has priced an underwritten public offering of $50.0 million of shares of its common stock at a public offering price of $18.15 per share. In connection with the proposed offering, Trinity has granted the underwriters a 30-day option to purchase up to 413,226 additional shares of its common stock. All of the shares of common stock to be sold in the offering are to be sold by Trinity. The completion of the offering is subject to customary closing conditions and the shares are expected to be delivered on April 7, 2022.

Trinity intends to use the net proceeds from this offering to pay down a portion of its existing indebtedness outstanding under its KeyBank Credit Facility, to make investments in accordance with its investment objective and investment strategy, and for general corporate purposes.

Keefe, Bruyette & Woods, A Stifel Company, Wells Fargo Securities and UBS Investment Bank are acting as joint- lead book-running managers for the offering. Goldman Sachs & Co. LLC is acting as a joint book-running manager in the offering. Oppenheimer & Co., B. Riley Securities, Inc., Ladenburg Thalmann & Co. Inc. and Compass Point are acting as co-managers for this offering.

The shares will be sold pursuant to an effective shelf registration statement on Form N-2 that has been filed with, and has been declared effective by, the Securities and Exchange Commission (SEC).

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