Follow-On Offering

Technology & Services
Follow-On Offering


Baird served as a co-manager in this offering.


Triangle Capital Corporation (NYSE: TCAP) (“Triangle” or the “Company”) recently completed a follow-on offering of 3,450,000 shares of its common stock at $19.25 per share, generating gross proceeds of $66.4 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 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 million to $15 million per transaction in companies with annual revenues between $20 million and $100 million and EBITDA between $3 million and $20 million.

For additional information about this transaction, please contact:

Mark C. Micklem (703) 821-5787
Technology & Services
Follow-On Offering
February 2011
Triangle Capital Corporation
Technology & Services
Target Location
North America