04:11 AM EDT, 07/17/2024 (MT Newswires) -- Trinity Capital ( TRIN ) said Tuesday that it has priced an underwritten public offering of $100 million of 7.875% notes due 2029.

The company has granted the underwriters a 30-day option to purchase up to $15 million in additional notes to cover any over-allotments.

The offering, subject to customary closing conditions, is expected to close on Friday. Trinity said it plans to use net proceeds from the offering to pay down other debts.

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