Triangle Capital Corp. (TCAP) said Friday that it has closed its underwritten public offering of 1.56 million shares at a price of $12.00 per share.
In addition, the underwriters fully exercised their option to purchase 234,000 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 the offering to 1,794,000.
Net proceeds from the offering, after deducting underwriting discounts and estimated offering expenses payable by the company, were about $20.25 million.
The company plans 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.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.