December 14, 2009 (FinancialWire) Triangle Capital Corp. (NASDAQ: TCAP) closed its underwritten public offering of 1,560,000 shares of common stock at a price of $12.00 per share. In addition, the underwriters fully exercised their option to purchase 234,000 additional shares of the companys common stock to cover over-allotments.
The closing included the sale of the over-allotment shares, bringing the total number of shares sold in this offering to 1,794,000.
Net proceeds from the offering, after deducting underwriting discounts and estimated offering expenses payable by the company, were approximately $20,246,600. The company intends to invest these net proceeds in lower middle market companies in accordance with its investment objective and strategies, and for working capital and general corporate purposes.
The underwriters of this offering were Morgan Keegan & company, Inc., BB&T Capital Markets, a division of Scott & Stringfellow, LLC, and Janney Montgomery Scott LLC.
Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). Recently issued reports and filings include Bravo Venture Group Inc. (TSX Venture: BVG), Bellway PLC (London Stock Exchange: BWY) (OTC: BLWYF), Chase Corp. (AMEX: CCF), Continental Materials Corp. (AMEX: CUO), Amcon Distributing Company (AMEX: DIT), Eaton Vance Enhanced Equity Income Fund (NYSE: EOI), Majedie Investments PLC (London Stock Exchange: MAJE), Morgan Stanley Income Securities, Inc. (NYSE: ICB), Grainger PLC (London Stock Exchange: GRI) (OTC: GRTGF), Eaton Vance Insured Municipal Bond Fund (AMEX: EIM), PIMCO High Income Fund (NYSE: PHK) and Shaw Communications, Inc. (NYSE: SJR).
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