Trinity Capital Inc., a provider of diversified financial solutions to growth-stage companies, announced it has amended its credit facility led by KeyBank N.A. (KeyBank). The amendment expands the original credit facility from $350 million to $440 million in commitments and includes an accordion feature, pursuant to which the company may increase the size of the credit facility to an aggregate principal amount of $690 million. The expansion increases the diversified group of lenders to 11 banks.

The amendment extends the maturity date of the facility to July 27, 2029, and broadens Trinity's borrowing capacity by providing a variable advance rate of up to 62 percent on eligible first-lien loans (including equipment finance loans) and up to 42 percent on eligible second-lien loans.

"The expansion of our credit facility will further support the growth of our business and allow us to take advantage of our current and future market opportunities," said Kyle Brown, Chief Executive Officer of Trinity Capital. "We are very pleased that we were able to continue to diversify our lender group and significantly expand the commitments under our credit facility. We welcome the new partners and thank our existing banks for their continued confidence in the Trinity platform."

"Proceeds from our recent 5-year 7.875 percent investment grade notes totaling $115.0 million, including the fully executed overallotment, combined with our access to capital through our accretive ATM program, and now our expanded credit facility with KeyBank, enhance our liquidity position and strengthen our balance sheet, allowing us to further execute on our business strategy and pursue the growth of our investment portfolio," said Michael Testa, Chief Financial Officer of Trinity Capital.