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Credit Suisse Provides $300MM Credit Facility to Trinity Capital

Date: Feb 19, 2020 @ 08:20 AM
Filed Under: Industry News

Trinity Capital Inc. (“Trinity” or the “Company”), a leading specialty lending company that provides debt and equipment lease financing to growth stage companies backed by technology banks, venture capital and private equity firms, announced that effective January 16, 2020, it became a party to a $300.0 million credit facility (the “Credit Facility”) with affiliates of Credit Suisse AG. The Credit Facility is scheduled to mature on January 8, 2022, unless extended. As of February 17, 2020, the Company had $160 million in borrowings outstanding under the Credit Facility.

“We’re excited to finalize this very important part of our capitalization, adding to the equity and unsecured debt raise we recently announced,” said Steve Brown, Chairman and CEO of Trinity. “We believe this credit facility will allow us to continue to grow as we scale our lending and equipment lease financing platform.”

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