RALEIGH, NC - May 18, 2015, Triangle Capital Corporation (NYSE: TCAP) (“Triangle” or the “Company”), a leading provider of capital to lower middle market companies, today announced it will redeem the Company’s 7.00% Senior Notes due March 15, 2019 (CUSIP No. 895848208) (NYSE: TCC) with an aggregate principal amount outstanding of $69.0 million (the “Notes”). The Notes were issued pursuant to the indenture dated March 2, 2012 between the Company and the Bank of New York Mellon Trust Company, N.A., as trustee, as supplemented by the First Supplemental Indenture dated March 2, 2012. The Notes will be redeemed on June 22, 2015 at a price of $25.00 per Note plus accrued interest to the date of redemption. The redemption of the Notes is expected to result in certain interest savings through the original maturity date of the Notes, but will accelerate the amortization of certain underwriting fees and other offering expenses resulting in an increase in related expenses in the period the Notes are redeemed.

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 Company's 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 Triangle’s 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 SEC’s website at www.sec.gov and stockholders may receive a hard copy of the completed audited financial statements free of charge upon request to the Company at 3700 Glenwood Avenue, Suite 530, Raleigh, NC 27612. 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.

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