Triangle Capital (TCAP) Closes 3.7M Common Offering at $19/Share

Triangle Capital Corporation (NYSE: TCAP) has closed its underwritten public offering of 3,700,000 shares of common stock at a public offering price of $19.00 per share. In addition, the underwriters fully exercised their option to purchase 555,000 additional shares of the Company's common stock to cover over-allotments. Today's closing included the sale of the over-allotment shares, bringing the total number of shares sold in this offering to 4,255,000. Net proceeds from the offering, after deducting underwriting discounts and estimated offering expenses payable by the Company, were approximately $77 million. The Company intends to invest these net proceeds in lower middle market companies in accordance with its investment objective and strategies, and for working capital and general corporate purposes.

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