Trinity Capital stock drop draws attention beyond $300 million debt deal
Trinity Capital shares fell 1.5% to $16.61 Thursday after pricing $300 million of 7.0% unsecured notes due 2031. The company plans to use proceeds to repay part of its KeyBank credit facility. Trinity’s bond spread widened 140 basis points this year, outpacing larger rivals, according to Reuters. First-quarter investment income rose 37.8% to $90.1 million.
