Triangle Capital to sell $50 million $25-par 10-year senior notes talked at 6.25% to 6.5%

By Stephanie N. Rotondo

Phoenix, Oct. 15 - Triangle Capital Corp. announced a $50 million offering of $25-par senior notes due Dec. 15, 2022 in a prospectus filed with the Securities and Exchange Commission on Monday.

Pricing is expected between 6.25% and 6.5%, according to a trader.

Interest will be paid on the 15th day of March, June, September and December, beginning Dec. 15. The notes can be redeemed in whole or in part at any time on or after Dec. 15, 2015.

Triangle intends to list the new securities on the New York Stock Exchange under the ticker symbol "TCCA."

Joint bookrunners are Stifel Nicolaus & Co. Inc., Raymond James & Associates Inc., BB&T Capital Markets, Janney Montgomery Scott LLC and Stern Agee & Leech. Co-managers are J.J.B. Hilliard, W. L. Lyons, LLC, Stephens Inc. and Wunderlich Securities Inc.

Proceeds will be used for investments, for working capital and for general corporate purposes.

Triangle Capital is an internally managed, non-diversified closed-end management investment company based in Raleigh, N.C.

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