PHOENIX, Sept. 4, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the commitment of $50 million in growth capital to LightForce, makers of the world's first fully personalized 3D printed braces system. LightForce specializes in personalized orthodontics, focusing on the development and production of 3D printed dental brackets. LightForce provides orthodontists with a comprehensive braces ...

PHOENIX, Aug. 27, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the commitment of $35 million in equipment financing to ApiJect Systems, Corp ("ApiJect"), a public-benefit medical technology company focused on prefilled, single-dose injection devices. Based in Stamford, CT, ApiJect works with pharmaceutical companies to design rapidly scalable, cost-efficient drug delivery systems, and ...

Financial Data and Key Metrics Changes - Trinity Capital achieved record total investment income of $54.6 million, an 18.7% increase year-over-year [11] - Net asset value (NAV) grew to $680 million, up from $626 million in the previous quarter, with NAV per share increasing to $13.12 [13] - Net investment income for Q2 was $26.7 million, or $0.53 per basic share, compared to $22.1 million, or $0.61 per basic share in the same period of the prior year [12] Business Line Data and Key Metrics Changes - In Q2, gross fundings totaled $231 million, with 52% allocated to equipment financing, 15% to life sciences, 15% to tech lending, 9% to sponsor finance, and 6% to warehouse lending [18] - The company has diversified into five distinct business verticals: tech lending, equipment financing, life sciences, warehouse financing, and sponsor finance [5] Market Data and Key Metrics Changes - The company raised nearly $47 million in net proceeds through its aftermarket equity program, all at a premium to NAV [6] - As of June 30, 2024, total liquidity was $141 million, comprised of $95 million of undrawn capacity under the credit facility and approximately $46 million in cash [13] Company Strategy and Development Direction - Trinity Capital is expanding into Europe to enhance global exposure and support high-growth companies [6] - The company aims to continue its accretive platform growth and diversify its investments to create a best-in-class direct lending platform [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to maintain strong credit quality, with approximately 98.2% of the portfolio performing on a fair value basis [19] - The company is optimistic about future growth, supported by a strong investment pipeline and a selective approach to new opportunities [10] Other Important Information - The company has a net leverage ratio of 1.07x as of June 30, 2024, indicating a strong liquidity position [16] - Portfolio companies on non-accrual decreased to 4% from 5% in the previous quarter, reflecting improved credit quality [20] Q&A Session Summary Question: Can you talk about the decline in non-accrual assets and the pace of resolution? - The Chief Credit Officer noted that one company was promoted off the non-accrual list, and the remaining four are in various stages of work out, with one company undergoing a reconstitution process [22] Question: Should we expect Trinity to carry debt for the new venture with Eagle Point? - The CFO indicated that currently, it is just an equity investment, and they will evaluate the need for debt as the investment grows [23] Question: Can you clarify the move into Europe and its implications for the BDC? - The General Counsel stated that they will continue to optimize investments in Europe while adhering to the 30% bad asset bucket limit [26] Question: What leverage do you expect to use in the new co-investment vehicles? - The CEO mentioned a focus on one-to-one leverage for the co-investment vehicles, mirroring the publicly traded BDC [30] Question: How is the asset sensitivity position of the BDC in light of potential rate cuts? - The CEO explained that the company has floor rates on almost all deals, which may provide protection against lowering rates [33]

FUELING DISRUPTIVE TECHNOLOGIES. REVOLUTIONIZING THE FUTURE. T R I N I T Y > Second Quarter 2024 Investor Presentation FORWARD-LOOKING STATEMENTS | DISCLAIMER Trinity Capital Inc. (the "Company") cautions that this presentation may contain forward-looking statements that are based on current expectations and assumptions about future events, and which are not based in historical fact. The forward-looking statements in this presentation are based on current conditions as of the date of this presentation, and ...

Trinity Capital (TRIN) came out with quarterly earnings of $0.51 per share, missing the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.58 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -3.77%. A quarter ago, it was expected that this business development company would post earnings of $0.55 per share when it actually produced earnings of $0.52, delivering a surprise of -5.45%. Over the last four ...

Platform AUM grows to $1.7 billion, a 36% increase year-over-year NII hits a record of $26.7 million, or $0.53 per share Return on average equity climbs to 16.3% PHOENIX, Aug. 7, 2024 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-oriented companies, today announced its financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights Record total investment income of $54.6 million, ...

Credit facility can accordion to $690 million Maturity Date Extended to July 2029 PHOENIX, Aug. 5, 2024 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity Capital," "Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced that 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, pu ...

PHOENIX, Ariz. and GREENWICH, Conn., July 23, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity" or the "Company"), a leading provider of financing solutions to growth-stage companies, today announced that it has launched a new vehicle in partnership with Eagle Point Credit Management LLC ("Eagle Point Credit"). Trinity's wholly owned registered investment adviser will be an adviser to the new vehicle, thereby bolstering the Company's sources of capital for lending and generating noncapital ...

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 bas ...

PHOENIX, July 19, 2024 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced that it will release its second quarter 2024 financial results before market open on Wednesday, August 7, 2024. The Company will discuss its financial results on a conference call that day at 9:00 a.m. PT (12:00 p.m. ET). A live webcast of the second quarter 2024 financial results conference call will also be ...