Reported Earlier, Trinity Capital Expands Credit Facility To $510M With $70M Boost From New Lenders
Portfolio Pulse from Benzinga Newsdesk
Trinity Capital has expanded its credit facility to $510 million, with a $70 million increase from new lenders. This expansion could enhance Trinity Capital's financial flexibility and growth potential.
September 20, 2024 | 6:00 am
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Trinity Capital has increased its credit facility to $510 million, with a $70 million contribution from new lenders. This expansion is likely to improve the company's financial flexibility and support its growth initiatives.
The expansion of the credit facility by $70 million from new lenders indicates increased financial resources for Trinity Capital. This can enhance its ability to fund new projects or investments, potentially leading to growth. The market may view this positively, leading to a short-term increase in stock price.
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