Triangle Capital, a provider of capital to lower middle market companies, received a new commitment to its senior secured credit facility in the amount of $15 million, bringing total commitments under the facility to $480 million supported by a diversified group of 15 lenders.
The additional commitment was executed under the facility’s accordion feature, which continues to allow for an increase in commitments up to $550 million. The final maturity date of the credit facility remains unchanged at April 30, 2022.
BB&T served as administrative agent for the facility. United Community Bank was a new lender and provided the additional $15 million. The other members of the lender group are ING Capital, Fifth Third Bank, First National Bank of Pennsylvania, Bank of America, Morgan Stanley Bank, EverBank Commercial Finance, Bank of North Carolina, Paragon Commercial Bank, Capital Bank, First Tennessee Bank, Park Sterling Bank, Stifel Bank & Trust and Raymond James Bank.
Triangle Capital offers a wide variety of debt and equity investment structures including first lien, unitranche, second lien and mezzanine with equity components.