• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Helper
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees for your businessNEW
    Legal
    Terms of usePrivacy policyCookie policy

    SEC Form FWP filed by Trinity Capital Inc.

    6/26/25 5:10:19 PM ET
    $TRIN
    Finance: Consumer Services
    Finance
    Get the next $TRIN alert in real time by email
    FWP 1 ea0247190-01_fwp.htm FWP

     

    Filed Pursuant to Rule 433

    Issuer Free Writing Prospectus dated June 26, 2025

    Relating to Preliminary Prospectus Supplement dated June 26, 2025 and

    Prospectus dated February 7, 2024

    Registration No. 333-275970

     

    Trinity Capital Inc.

    $125,000,000

    6.75% Notes due 2030

     

    PRICING TERM SHEET

    June 26, 2025

     

    The following sets forth the final terms of the 6.75% Notes due 2030 (the “Notes”) and should only be read together with the preliminary prospectus supplement of Trinity Capital Inc. (the “Issuer”) dated June 26, 2025, together with the accompanying prospectus dated February 7, 2024 (the “Preliminary Prospectus”), relating to the Notes, and supersedes the information in the Preliminary Prospectus to the extent inconsistent with the information in the Preliminary Prospectus. In all other respects, this pricing term sheet is qualified in its entirety by reference to the Preliminary Prospectus. Terms used herein but not defined herein shall have the respective meanings as set forth in the Preliminary Prospectus. All references to dollar amounts are references to U.S. dollars.

     

    Issuer: Trinity Capital Inc.
       
    Issuer Ticker: TRIN
       
    Security: 6.75% Notes due 2030

     

    Expected Ratings*: Baa3 (Moody’s) /BBBL (Morningstar) /BBB (Egan-Jones)
       
    Trade Date: June 26, 2025
       
    Settlement Date**: July 3, 2025 (T+5)
       
    Aggregate Principal Amount Offered: $125,000,000
       
    Maturity Date: July 3, 2030, unless earlier repurchased or redeemed
       
    Price to Public (Issue Price): 98.960%
       
    Coupon (Interest Rate): 6.75%
       
    Yield to Maturity: 7.00%
       
    Interest Payment Dates: January 3 and July 3, commencing January 3, 2026

     

     

     

     

    Optional Redemption:

    Prior to June 3, 2030 (the date falling one month prior to the maturity date of the Notes) (the “Par Call Date”), the Issuer may redeem some or all of the Notes at any time, or from time to time, at a redemption price equal to the greater of the following amounts, plus, in each case, accrued and unpaid interest thereon to the redemption date:

     

    ·      (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon, discounted to the redemption date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 50 basis points less (b) interest accrued to the date of redemption; and

     

    ·      100% of the principal amount of the Notes to be redeemed;

     

    provided, however, that if the Issuer redeems any Notes on or after the Par Call Date, the redemption price for the Notes will be equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest thereon to, but excluding, the date of redemption.

       
    Denomination: $2,000 and integral multiples of $1,000 in excess thereof
       
    CUSIP/ISIN: 896442AJ9 / US896442AJ97
       
    Joint Book-Running Managers: Keefe, Bruyette & Woods, Inc.
      Morgan Stanley & Co. LLC

     

    Co-managers:

     

    MUFG Securities Americas Inc.

    Zions Direct, Inc.

     

    *A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

     

    **The Issuer expects that delivery of the Notes will be made to investors on or about July 3, 2025, which will be the fifth business day following the date hereof. Under Rule 15c6-1 under the Securities Exchange Act of 1934, as amended, trades in the secondary market are required to settle in one business day, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade Notes on the date hereof or the following business day will be required by virtue of the fact that the Notes initially settle in T+5, to specify an alternate settlement arrangement at the time of any such trade to prevent a failed settlement. Purchasers of the Notes who wish to trade the Notes on the date hereof or the following business day should consult their advisors.

     

    Investors are advised to carefully consider the investment objectives, risks, charges and expenses of the Issuer before investing. The Preliminary Prospectus, which has been filed with the Securities and Exchange Commission (the “SEC”), and the documents incorporated by reference therein, contain these factors and other information about the Issuer and should be read carefully before investing.

     

    The information in the Preliminary Prospectus and in this pricing term sheet is not complete and may be changed. The Preliminary Prospectus and this pricing term sheet are not offers to sell any securities of the Issuer and are not soliciting an offer to buy such securities in any jurisdiction where such offer and sale is not permitted.

     

    The issuer has filed a shelf registration statement (including a base prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the base prospectus in that registration statement, the Preliminary Prospectus and the documents incorporated by reference therein, which the issuer has filed with the SEC, for more complete information about the Issuer and this offering. You may obtain these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the Issuer, any underwriter or any dealer participating in the offering will arrange to send you the Preliminary Prospectus if you request it from Keefe, Bruyette & Woods, Inc., 787 7th Avenue, 4th Floor, New York, New York 10019, Attn: Equity Syndicate, by telephone at 1 (800) 966-1559, or from Morgan Stanley & Co. LLC, 1585 Broadway, New York, New York 10036, toll-free at 1 (866) 718-1649.

     

     

     

    Get the next $TRIN alert in real time by email

    Crush Q3 2025 with the Best AI Executive Assistant

    Stay ahead of the competition with Tailforce.ai - your AI-powered business intelligence partner.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Tailforce.ai

    Recent Analyst Ratings for
    $TRIN

    DatePrice TargetRatingAnalyst
    5/13/2025$16.00Buy
    B. Riley Securities
    12/2/2024$13.00Equal Weight → Underweight
    Wells Fargo
    8/22/2023$15.50Neutral → Buy
    Compass Point
    8/7/2023$15.00Underperform → Mkt Perform
    Keefe Bruyette
    7/5/2023$15.00Buy
    Jefferies
    3/13/2023$13.50 → $11.00Mkt Perform → Underperform
    Keefe Bruyette
    11/7/2022$30.00Positive → Neutral
    Susquehanna
    11/4/2022$16.00 → $12.50Outperform → Mkt Perform
    Keefe Bruyette
    More analyst ratings

    $TRIN
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Estes Ronald E. bought $24,700 worth of shares (1,700 units at $14.53) and was granted 3,443 shares, increasing direct ownership by 19% to 31,779 units (SEC Form 4)

      4 - Trinity Capital Inc. (0001786108) (Issuer)

      6/13/25 8:20:45 PM ET
      $TRIN
      Finance: Consumer Services
      Finance
    • Director Estes Ronald E. bought $18,396 worth of shares (1,300 units at $14.15), increasing direct ownership by 5% to 26,636 units (SEC Form 4)

      4 - Trinity Capital Inc. (0001786108) (Issuer)

      6/9/25 8:50:19 PM ET
      $TRIN
      Finance: Consumer Services
      Finance
    • CEO, President and CIO Brown Kyle Steven bought $49,955 worth of shares (3,513 units at $14.22) (SEC Form 4)

      4 - Trinity Capital Inc. (0001786108) (Issuer)

      5/12/25 9:14:46 PM ET
      $TRIN
      Finance: Consumer Services
      Finance

    $TRIN
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • CFO and Treasurer Testa Michael covered exercise/tax liability with 1,788 shares, decreasing direct ownership by 2% to 99,829 units (SEC Form 4)

      4 - Trinity Capital Inc. (0001786108) (Issuer)

      6/17/25 8:03:37 PM ET
      $TRIN
      Finance: Consumer Services
      Finance
    • Chief Credit Officer Kundich Ronald covered exercise/tax liability with 3,393 shares, decreasing direct ownership by 2% to 217,183 units (SEC Form 4)

      4 - Trinity Capital Inc. (0001786108) (Issuer)

      6/17/25 8:02:39 PM ET
      $TRIN
      Finance: Consumer Services
      Finance
    • GC, CCO, and Secretary Stanton Sarah covered exercise/tax liability with 1,627 shares, decreasing direct ownership by 1% to 143,343 units (SEC Form 4)

      4 - Trinity Capital Inc. (0001786108) (Issuer)

      6/17/25 8:01:37 PM ET
      $TRIN
      Finance: Consumer Services
      Finance

    $TRIN
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Trinity Capital Inc. Provides Alt Platform Inc. with up to $40 Million Asset Based Credit Facility

      PHOENIX, July 18, 2025 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:TRIN) ("Trinity Capital"), a leading alternative asset manager, today announced the commitment of up to $40 million in an asset based revolving credit facility to Alt, a dynamic online marketplace that facilitates buying, selling, vaulting, and loans against investment-grade trading cards. Alt offers a full-service marketplace where users can buy authenticated, high-demand cards through fixed‑price listings or curated weekly auctions; consign cards for an instant cash advance and a rapid, low-fee payout of the

      7/18/25 9:00:00 AM ET
      $TRIN
      Finance: Consumer Services
      Finance
    • Trinity Capital Inc. Receives Conditional Approval via Green Light Letter to Submit an SBIC License Application

      PHOENIX, July 15, 2025 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:TRIN) (the "Firm") is pleased to announce conditional approval from the U.S. Small Business Administration ("SBA") to submit an application to obtain a Small Business Investment Company ("SBIC") license. The conditional approval reflects Trinity Capital's long-standing partnership with the SBA's Office of Investment and Innovation to support growth-oriented businesses across the United States, in line with its strategy. Previously, the Firm's predecessor entities successfully deployed $734 million through two SBIC funds.1

      7/15/25 8:00:00 AM ET
      $TRIN
      Finance: Consumer Services
      Finance
    • Trinity Capital Inc. Originates $519 Million of New Commitments in the Second Quarter of 2025

      Company funds $365 million of investments in the second quarter of 2025 PHOENIX, July 10, 2025 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:TRIN) (the "Company"), a leading alternative asset manager, today announced a portfolio update for the first half and second quarter of 2025. Trinity Capital originated $519 million of new commitments in the second quarter of 2025, bringing new commitments for the first half of 2025 to $705 million. Second quarter 2025 investment highlights: Investments funded totaled approximately $365 million, which was comprised of $296 million in secur

      7/10/25 8:00:00 AM ET
      $TRIN
      Finance: Consumer Services
      Finance

    $TRIN
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • B. Riley Securities resumed coverage on Trinity Capital with a new price target

      B. Riley Securities resumed coverage of Trinity Capital with a rating of Buy and set a new price target of $16.00

      5/13/25 10:05:49 AM ET
      $TRIN
      Finance: Consumer Services
      Finance
    • Trinity Capital downgraded by Wells Fargo with a new price target

      Wells Fargo downgraded Trinity Capital from Equal Weight to Underweight and set a new price target of $13.00

      12/2/24 10:10:41 AM ET
      $TRIN
      Finance: Consumer Services
      Finance
    • Trinity Capital upgraded by Compass Point with a new price target

      Compass Point upgraded Trinity Capital from Neutral to Buy and set a new price target of $15.50

      8/22/23 7:33:15 AM ET
      $TRIN
      Finance: Consumer Services
      Finance

    $TRIN
    SEC Filings

    See more
    • Trinity Capital Inc. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - Trinity Capital Inc. (0001786108) (Filer)

      7/10/25 8:00:31 AM ET
      $TRIN
      Finance: Consumer Services
      Finance
    • Trinity Capital Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits

      8-K - Trinity Capital Inc. (0001786108) (Filer)

      7/3/25 4:07:56 PM ET
      $TRIN
      Finance: Consumer Services
      Finance
    • Trinity Capital Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Financial Statements and Exhibits

      8-K - Trinity Capital Inc. (0001786108) (Filer)

      7/1/25 4:48:23 PM ET
      $TRIN
      Finance: Consumer Services
      Finance

    $TRIN
    Leadership Updates

    Live Leadership Updates

    See more
    • Trinity Capital Inc. Expands Institutional Fundraising Efforts with Appointment of Zach Taffet

      PHOENIX, March 12, 2025 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:TRIN) (the "Company"), a leading international alternative asset manager, today announced the appointment of Zach Taffet as Director of Capital Formation & Investor Relations. Mr. Taffet will help drive the strategic direction for the Company's private fund strategies and management of institutional capital through its RIA platform. Mr. Taffet brings nearly a decade of experience in capital raising and investor relations, most recently as a member of BlackRock's Infrastructure Capital Formation Team for their

      3/12/25 7:30:00 AM ET
      $TRIN
      Finance: Consumer Services
      Finance
    • Trinity Capital Inc. Expands Life Sciences Presence to East Coast with John Orlando as Managing Director

      PHOENIX, March 3, 2025 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:TRIN) (the "Company"), a leading alternative asset manager, today announced the appointment of John Orlando as Managing Director of Life Sciences, based in Boston. Mr. Orlando, an established leader with over a decade of experience in venture lending, has built a strong reputation as a trusted partner within the Life Sciences industry. "We are thrilled to welcome John to our team," said Rob Lake, Senior Managing Director, Life Sciences at Trinity Capital. "We believe his industry experience and deep relationsh

      3/3/25 7:30:00 AM ET
      $TRIN
      Finance: Consumer Services
      Finance
    • Trinity Capital Inc. Expands Life Sciences Operations with Appointment of Joshua Ruben as Managing Director

      PHOENIX, July 22, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the appointment of Josh Ruben as Managing Director of Life Sciences. Mr. Ruben, an established leader with over a decade of experience in investment banking, has a long track record of supporting life science companies with over $50 billion of transactions completed across M&A and capital raises. He is based in Phoenix, AZ. "We are delighted to welcome Josh to our team," said

      7/22/24 7:30:00 AM ET
      $TRIN
      Finance: Consumer Services
      Finance

    $TRIN
    Financials

    Live finance-specific insights

    See more
    • Trinity Capital Inc. Originates $519 Million of New Commitments in the Second Quarter of 2025

      Company funds $365 million of investments in the second quarter of 2025 PHOENIX, July 10, 2025 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:TRIN) (the "Company"), a leading alternative asset manager, today announced a portfolio update for the first half and second quarter of 2025. Trinity Capital originated $519 million of new commitments in the second quarter of 2025, bringing new commitments for the first half of 2025 to $705 million. Second quarter 2025 investment highlights: Investments funded totaled approximately $365 million, which was comprised of $296 million in secur

      7/10/25 8:00:00 AM ET
      $TRIN
      Finance: Consumer Services
      Finance
    • Trinity Capital Inc. Provides Details for Second Quarter 2025 Financial Results and Earnings Call

      PHOENIX, July 8, 2025 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:TRIN) (the "Company"), a leading alternative asset manager, today announced that it will release its second quarter 2025 financial results at 8:00 a.m. ET on Wednesday, August 6, 2025. The Company will discuss its financial results on a conference call later that day at 12:00 p.m. ET. To listen to the call, please dial (800) 267-6316 or (203) 518-9783 internationally and reference Conference ID: TRINQ225 if asked, approximately 10 minutes prior to the start of the call. A taped replay will be made available app

      7/8/25 8:00:00 AM ET
      $TRIN
      Finance: Consumer Services
      Finance
    • Trinity Capital Inc. Declares Cash Dividend of $0.51 per Share for the Second Quarter of 2025

      22nd Consecutive Quarter of a Consistent or Increased Dividend PHOENIX, June 18, 2025 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:TRIN) (the "Company"), a leading alternative asset manager, today announced that its Board of Directors declared a cash dividend of $0.51 per share with respect to the quarter ending June 30, 2025. This is an equivalent dividend compared to the first quarter of 2025 and marks the 22nd consecutive quarter of a consistent or increased dividend for Trinity Capital shareholders. Summary of Second Quarter 2025 Dividend: Declaration Date June 18, 2025 Re

      6/18/25 4:05:00 PM ET
      $TRIN
      Finance: Consumer Services
      Finance