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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Tue., Sep. 2, 12:14 AM

Slide #25. Triangle Capital Corporation Secondary Offering

Company: Triangle Capital Corporation (NYSE:TCAP)
Date announced: 8/11/2014
Shares Offered: 4,300,000
Date of Pricing: 8/12/2014
Price Per Share: $26.85
Secondary Offering Details: Triangle Capital Corporation (NYSE:TCAP) ("Triangle" or the "Company") today announced the commencement of an underwritten public offering of 4,000,000 shares of common stock. The Company also plans to grant the underwriters a 30-day option to purchase up to an additional 600,000 shares of its common stock. - updated 8/12 - Triangle Capital Corporation (NYSE:TCAP) ("Triangle" or the "Company") today announced that it has priced an underwritten public offering of 4,300,000 shares of common stock. The offering was increased in size from the originally contemplated 4,000,000 shares of common stock. The public offering price was set at $26.85 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 $111 million. The Company intends to use the 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.

Triangle Capital is a finance company that provides financing to lower middle market companies located primarily in the U.S. Co. invests primarily in subordinated debt securities secured by second lien security interests in portfolio company assets, coupled with equity interests. On a more limited basis, Co. also invests in senior debt securities secured by first lien security interests in portfolio companies. Co.'s investments generally range from $5.0 million to $35.0 million per portfolio company. In certain situations, Co. may partner with other funds to provide larger financing commitments. As of Dec 31 2013, Co. had investments in 79 portfolio companies.
Open the TCAP Page at The Online Investor »

Company Name:  Triangle Capital Corp
Sector:  Investment Companies & Venture Capital
Number of ETFs Holding TCAP:  2
Total Market Value Held by ETFs:  $5.45M
Total Market Capitalization:  $761.00M
% of Market Cap. Held by ETFs:  0.72%

Open the TCAP Page at The Online Investor (in a new window) »

September 2, 2014    12:14 AM Eastern
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Buy (3.14 out of 4)
54th percentile
(ranked higher than approx. 54% of all stocks covered)
Based on Zacks ABR data;
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