Triangle Capital Commences Common Stock Offering
Triangle Capital announced the commencement of a public offering of 3.7 million shares of common stock in an underwritten public offering. The company also plans to grant the underwriters a 30-day option to purchase up to an additional 555,000 shares of its common stock to cover over-allotments, if any.
Triangle intends to invest the net proceeds of this public offering in lower middle market companies in accordance with its investment objective and strategies, and for working capital and general corporate purposes. The underwriters of this offering are Morgan Stanley, Morgan Keegan, Robert W. Baird & Co., BB&T Capital Markets, a division of Scott & Stringfellow, Janney Montgomery Scott, JMP Securities and Sterne, Agee & Leach.
This offering will be made pursuant to an effective shelf registration statement on Form N-2 that has been filed with the U.S. Securities and Exchange Commission.