Powered by
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

Sign up for unrestricted access to 200+ subscription services.
Already have an account? Click here to login.

RelSci News & Alerts gets you:

  • 10 free articles a month from top subscription outlets like the Financial Times, New York Times, and Washington Post
  • Competitive business intelligence through daily data updates
  • Custom feeds on target high-value individuals, companies, industries, and topics delivered straight to your inbox