Key Developments For Triangle Capital Corporation
Triangle Capital Corporation (TCAP.O) (Consolidated Issue listed on NASDAQ Global Market)
Triangle Capital Corporation Invests $5.5 Million in Technology Crops International
Triangle Capital Corporation announced that it closed a $5.5 million subordinated debt and equity investment in Technology Crops International (TCI).
Triangle Capital Corporation Declares Cash Dividend Of $0.41 Per Share
Triangle Capital Corporation announced that its board of directors has declared a cash dividend of $0.41 per share. The Company's dividend will be payable on a record date of October 8, 2009 and the payment date of October 22, 2009.
Triangle Capital Corporation Closes Public Offering of Common Stock
Triangle Capital Corporation announced that it closed its underwritten public offering of 1,300,000 shares of common stock at a price of $10.42 per share. In addition, the underwriters fully exercised their option to purchase 195,000 additional shares of the Company's common stock to cover over-allotments. The closing included the sale of the over-allotment shares, bringing the total number of shares sold in this offering to 1,495,000. Net proceeds from the offering, after deducting underwriting discounts and estimated offering expenses payable by the Company, were approximately $14,595,500. The Company intends to invest these net proceeds in lower middle market companies in accordance with its investment objective and strategies, and for working capital and general corporate purposes. The underwriters of this offering were RBC Capital Markets Corporation, BB&T Capital Markets, a division of Scott & Stringfellow, LLC, Morgan Keegan & Company, Inc., and Sterne, Agee & Leach, Inc.
Triangle Capital Corporation Prices Public Offering Of Common Stock
Triangle Capital Corporation announced that it has priced a public offering of 1,300,000 shares of common stock in an underwritten public offering. Pricing was set at $10.42 per share, and net proceeds from the offering, after deducting underwriting discounts and estimated offering expenses payable by the Company, are expected to be approximately $12,665,000. The Company intend to invest the net proceeds in lower middle market companies in accordance with our investment objective and strategies. The underwriters have been granted an option, exercisable for 30 days, to purchase up to 195,000 additional shares of common stock to cover overallotments, if any. The underwriters of this offering are RBC Capital Markets Corporation, BB&T Capital Markets, a division of Scott & Stringfellow, LLC, Morgan Keegan & Company, Inc., and Sterne, Agee & Leach, Inc. The offering is expected to close on August 12, 2009.
Triangle Capital Corporation Announces Commencement of Public Offering of Common Stock
Triangle Capital Corporation announced the commencement of a public offering of 1,300,000 shares of common stock in an underwritten public offering. The Company also plans to grant the underwriters a 30 day option to purchase up to an additional 195,000 shares of its common stock to cover over allotments, if any. The Company intends to invest the net proceeds of this public offering in lower middle market companies, including investments made through Triangle Mezzanine Fund LLLP, its wholly owned SBIC (small business investment company) subsidiary, in accordance with its investment objective and strategies, and for working capital and general corporate purposes. The underwriters of this offering are RBC Capital Markets Corporation, BB&T Capital Markets, a division of Scott & Stringfellow, LLC, Morgan Keegan & Company, Inc. and Sterne, Agee & Leach, Inc.
