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Triangle Capital commences common stock offering

Triangle Capital Corp. has commenced a public offering of 7 million of its common shares.

The company intends to grant the underwriters a 30-day option to purchase up to an additional 1,050,000 common shares.

Based on Triangle Capital's Feb. 27 closing price of $19.99, and assuming the underwriters fully exercise their overallotment option, S&P Global Market Intelligence calculates a gross offering size of $160.9 million.

Triangle Capital plans to invest the net proceeds of the

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