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PHOENIX - Trinity Capital Inc. (NASDAQ:TRIN), an alternative asset manager with a market capitalization of $1.14 billion and an impressive dividend yield of 12.61%, announced Thursday it has increased its credit facility commitments to $690 million, up from $600 million.
The $90 million expansion was executed under the existing accordion feature of the credit facility, which is led by KeyBank N.A. and includes a syndicate of 13 banking partners.
"We greatly value the continued partnership and confidence shown by our 13 banking partners," said Michael Testa, Trinity’s Chief Financial Officer. "This increase in our credit facility provides meaningful liquidity to help drive the future growth of our platform."
Trinity Capital focuses on providing debt solutions to growth-oriented companies across five lending verticals: Sponsor Finance, Equipment Finance, Tech Lending, Asset-Based Lending, and Life Sciences.
According to the company’s statement, Trinity has deployed more than $4.7 billion across over 420 investments since its founding in 2008, as of June 30, 2025.
The Phoenix-based firm maintains offices across the United States and Europe, according to the press release statement.
In other recent news, Trinity Capital Inc. reported its second-quarter 2025 financial results, which exceeded both earnings and revenue expectations. The company’s earnings per share were $0.53, slightly above the forecast of $0.52, marking a 1.92% surprise. Revenue also surpassed expectations, reaching $69.5 million compared to the anticipated $69.42 million. Additionally, Trinity Capital has appointed Josh Mackey as the Director of Tech Lending, based in San Francisco. Mackey brings over a decade of experience in supporting technology companies, having previously held roles at Comerica Bank, Silicon Valley Bank, TriplePoint Capital, and Liquidity Group. These developments reflect Trinity Capital’s ongoing strategic initiatives and financial performance.
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