Triangle Capital Corp. (TCAP) announced that it has priced a public offering of 1.56 million shares of common stock in an underwritten public offering.
The offering was increased in size from the originally contemplated 1.30 million shares of common stock. Pricing was set at $12.00 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 $17.58 million.
The company intends to invest the net proceeds in lower middle market companies in accordance with its investment objective and strategies, and for working capital and general corporate purposes.
The offering is subject to customary closing conditions and is expected to close on December 11, 2009.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.