497AD: Filing by certain investment companies of Securities Act Rule 482 advertising in accordance with Securities Act Rule 497
Published on August 23, 2011
Filed
pursuant to Rule 497(a)
File No. 333-151930
Rule 482ad
File No. 333-151930
Rule 482ad
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 August 23, 2011 Triangle Capital Corporation (NYSE: TCAP) (Triangle or the
Company) today announced that it has priced a public offering of 3,500,000 shares of common stock
in an underwritten public offering. Pricing was set at $17.15 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 $57.0 million. 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 525,000
additional shares of common stock to cover overallotments, if any. The underwriters of this
offering are Morgan Stanley & Co. LLC, Morgan Keegan & Company, Inc., Robert W. Baird & Co.
Incorporated, BB&T Capital Markets, a division of Scott & Stringfellow, LLC, JMP Securities LLC,
and Sterne, Agee & Leach, Inc. The offering is subject to customary closing conditions and is
expected to close on August 29, 2011.
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 August 24, 2011,
including the base prospectus dated May 4, 2011, 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 Stanley & Co. LLC, Attn: Prospectus
Department, 180 Varick St., 2nd Floor, New York, NY 10014, Telephone: (866)
718-1649, Email: prospectus@morganstanley.com.
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 million $15.0 million per transaction in companies with annual revenues between
$20.0 million and $100.0 million and EBITDA between $3.0 million and $20.0 million.
Triangle has elected to be treated as a business development company under the Investment Company
Act of 1940 (1940 Act). Triangle is required to comply with a series of regulatory requirements
under the 1940 Act as well as applicable NYSE, 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.
Forward Looking Statements
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 and some of these uncertainties are enumerated
in Triangles filings with the Securities and Exchange Commission. Certain factors that could
cause actual results to differ materially from those contained in the forward-looking statements
are included in our annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports
on Form 8-K, each as filed with the Securities and Exchange Commission. Copies are available on the
SECs website at www.sec.gov. 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 Blair 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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