Baird served as a co-manager in this offering
AboutTriangle Capital Corporation (NASDAQ: TCAP) (“Triangle” or the “Company”) recently completed a follow-on offering of 2,760,000 shares of its common stock at $15.80 per share, generating gross proceeds of $43.6 million. The Company intends to invest the net proceeds in lower middle market companies in accordance with its investment objective and strategies, and for working capital and general corporate purposes.
Triangle Capital Corporation is a specialty finance company organized as a business development company to provide customized financing solutions to lower middle market companies located throughout the United States. Triangle's investment objective is to seek attractive returns by generating current income from debt investments and capital appreciation from equity related investments. Triangle's investment philosophy is to partner with business owners, management teams and financial sponsors to provide flexible financing solutions to fund growth, changes of control, or other corporate events. Triangle typically invests $5.0 million - $15.0 million per transaction in companies with annual revenues between $20.0 million and $100.0 million and EBITDA between $3.0 million and $20.0 million.
For additional information about this transaction, please contact:
- September 2010
- Triangle Capital Corporation
- Technology & Services
- Target Location
- North America
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