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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Fri., Jul. 29, 10:01 AM

Slide #9. Triangle Capital Corporation Secondary Offering

Company: Triangle Capital Corporation (NYSE:TCAP)
Date announced: 7/25/2016
Shares Offered: 6,250,000
Date of Pricing: 7/26/2016
Price Per Share: $19.90
Secondary Offering Details: Triangle Capital Corporation (NYSE:TCAP) ("Triangle" or the "Company") today announced the commencement of an underwritten public offering of 6,250,000 shares of common stock. The Company also plans to grant the underwriters a 30-day option to purchase up to an additional 937,500 shares of its common stock. -updated 7/26- Triangle Capital Corporation (NYSE:TCAP) ("Triangle" or the "Company") today announced that it has priced an underwritten public offering of 6,250,000 shares of common stock. The public offering price was set at $19.90 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 $119.6 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 customized financing to lower middle market companies. Co. defines lower middle market companies as those having annual revenues between $10.0 million and $250.0 million. 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 company assets. Co.'s investments generally range from $5.0 million to $35.0 million per portfolio company. As of Dec 31 2015, Co. had investments in 92 portfolio companies.

TCAP SEC Filing Email Alerts Service

Open the TCAP Page at The Online Investor »

Company Name:  Triangle Capital Corp
Sector:  Investment Companies & Venture Capital
Number of ETFs Holding TCAP:  5
Total Market Value Held by ETFs:  $5.11M
Total Market Capitalization:  $665.00M
% of Market Cap. Held by ETFs:  0.77%

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

July 29, 2016    10:01 AM Eastern
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Buy (3.00 out of 4)
41st percentile
(ranked lower than approx. 59% of all stocks covered)
Based on Zacks ABR data;
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