497AD: Filing by certain investment companies of Securities Act Rule 482 advertising in accordance with Securities Act Rule 497
Published on December 8, 2009
Filed pursuant to Rule 497(a)(1)
File No. 333-151930
Rule 482ad
File No. 333-151930
Rule 482ad
FOR IMMEDIATE RELEASE
3700 Glenwood Ave., Ste. 530 Raleigh, NC 27612 (919) 719-4770 Fax (919) 719-4777 |
www.TCAP.com
TRIANGLE CAPITAL CORPORATION PRICES PUBLIC
OFFERING OF COMMON STOCK
OFFERING OF COMMON STOCK
RALEIGH, NC December 8, 2009 Triangle Capital Corporation (Nasdaq: TCAP) (the Company)
today announced that it has priced a public offering of 1,560,000 shares of common stock in an
underwritten public offering. The offering was increased in size from the
originally contemplated 1,300,000 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
$17,579,000. 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
underwriters have been granted an option, exercisable for
30 days, to purchase up to 234,000 additional shares of common
stock to cover overallotments, if any. The underwriters of this
offering are Morgan Keegan & Company, Inc., BB&T Capital Markets, a division of Scott &
Stringfellow, LLC, and Janney Montgomery Scott LLC. The offering is subject to customary closing
conditions and is expected to close on December 11, 2009.
The shares will be sold pursuant to an effective shelf registration statement on Form N-2 that has
been filed with the U.S. Securities and Exchange Commission.
Investors are advised to carefully consider the investment objectives, risks and charges and
expenses of the Company before investing. The final prospectus supplement dated December 8, 2009,
including the base prospectus dated April 16, 2009, contains this and other information about the
Company. The offering may be made only by means of a prospectus and a related prospectus
supplement, copies of which may be obtained from Morgan Keegan & Company, Inc., Attn: Equity
Syndicate Department, 50 N. Front Street, 19th Floor, Memphis, TN 38103.
This press release does not constitute an offer to sell or the solicitation of an offer to buy nor
will there be any sale of the shares referred to in this press release in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of such state or jurisdiction.
About Triangle Capital Corporation
Triangle Capital Corporation (www.TCAP.com) is a specialty finance company organized to provide
customized financing solutions to lower middle market companies located throughout the United
States. Triangles investment objective is to seek attractive returns by generating current income
from debt investments and capital appreciation from equity related investments. Triangles
investment philosophy is to partner with business owners, management teams and financial sponsors
to provide flexible financing solutions to fund growth, changes of control, or other corporate
events. Triangle typically
invests
$5.0 $15.0 million per transaction in companies with annual revenues between $20.0 and
$75.0 million and EBITDA between $2.0 and $20.0 million.
Triangle has elected to be treated as a business development company under the Investment Company
Act of 1940 (the 1940 Act). Triangle is required to comply with a series of regulatory
requirements under the 1940 Act as well as applicable NASDAQ, federal and state laws and
regulations. Triangle has elected to be treated as a regulated investment company under the
Internal Revenue Code of 1986. Failure to comply with any of the laws and regulations that apply
to Triangle could have a material adverse effect on Triangle and its stockholders.
This press release may contain forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Any such statements, other than statements of historical
fact, are likely to be affected by other unknowable future events and conditions, including
elements of the future that are or are not under the Companys control, and that the Company may or
may not have considered; accordingly, such statements cannot be guarantees or assurances of any
aspect of future performance. Actual developments and results are highly likely to vary materially
from these estimates and projections of the future. Such statements speak only as of the time when
made, and the Company undertakes no obligation to update any such statement now or in the future.
Contacts
Sheri B. Colquitt
|
Steven C. Lilly | |
Vice President, Investor Relations
|
Chief Financial Officer | |
919-719-4784
|
919-719-4789 | |
scolquitt@tcap.com
|
slilly@tcap.com |
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