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Triangle Capital Corp announces pricing and increase in size of public offering of common stock

Tuesday, 12 Aug 2014 09:00am EDT 

Triangle Capital Corp:Says it has priced an underwritten public offering of 4,300,000 shares of common stock.Offering was increased in size from originally contemplated 4,000,000 shares of common stock.Public offering price was set at $26.85 per share, and net proceeds from offering, after deducting underwriting discounts and estimated offering expenses payable by company, are expected to be about $111 mln.Company intends to use net proceeds of this public offering to make additional investments in lower middle market companies in accordance with its investment objective and strategies, and for working capital and general corporate purposes.Underwriters have been granted an option, exercisable for 30 days, to purchase up to 645,000 additional shares of common stock.Morgan Stanley & Co. LLC, Raymond James & Associates, Inc., Robert W. Baird & Co. Incorporated and Keefe, Bruyette & Woods, Inc. are acting as joint bookrunning managers of this offering.BB&T Capital Markets, a division of BB&T Securities, LLC and Janney Montgomery Scott LLC are acting as lead managers.JMP Securities LLC and Sterne, Agee & Leach, Inc. are acting as co-managers for this offering.Offering is subject to customary closing conditions and is expected to close on Aug. 15. 

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8 Feb 2016