Trinity Capital Inc. (NASDAQ: TRIN) announced it has priced an underwritten public offering of $300 million in aggregate principal amount of 7.0% notes due 2031.

The notes will mature on May 21, 2031 and may be redeemed in whole or in part at the company's option at par, plus a make-whole premium if applicable. The unsecured notes bear interest at 7.0% per year, payable semiannually beginning November 21, 2026.

The offering is subject to customary closing conditions and is expected to close on May 21, 2026. Trinity Capital intends to use the net proceeds to pay down a portion of existing indebtedness under its KeyBank Credit Facility.

Keefe, Bruyette & Woods, A Stifel Company, and MUFG Securities Americas Inc. are serving as joint book-running managers for the offering.

Trinity Capital is an alternative asset manager that provides private credit solutions to growth-oriented companies through five business verticals: Sponsor Finance, Equipment Finance, Tech Lending, Asset-Based Lending, and Life Sciences. The company is headquartered in Phoenix, Arizona, with teams located across the United States and London.