Follow-On Offering

Technology & Services
Follow-On Offering

Summary

Baird served as a joint-bookrunner on this offering.

About

Triangle Capital Corporation (“Triangle” or the “Company”) (NYSE: TCAP) recently completed a follow-on offering of 4,945,000 shares of common stock at a price of $26.85 per share, generating gross proceeds of approximately $132.8 million. Triangle intends to use the net proceeds from the offering to invest in lower middle market companies in accordance with the Company’s 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 $5.0 million to $35.0 million per transaction in companies with annual revenues between $20.0 million and $200.0 million and EBITDA between $3.0 million and $35.0 million. Triangle is headquartered in Raleigh, North Carolina.

For additional information about this transaction, please contact:

Mark C. Micklem +1 (202) 303-1815
Gary Placek +1 (414) 765-3611
Paul Egge +1 (202) 303-1816
Technology & Services
Follow-On Offering
Date
August 2014
Company
Triangle Capital Corporation
Transaction
M&A
Sectors
Technology & Services
Target Location
North America

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