Triangle Capital intends to price public offering of its common shares

Company will sell 3.7 million common shares to fund corporate purposes

By Devika Patel

Knoxville, Tenn., Feb. 7 - Triangle Capital Corp. said it will price a public offering of stock. The deal has a 30-day greenshoe.

The company will sell 3.7 million common shares. The greenshoe will include an additional 555,000 shares.

Morgan Stanley & Co. LLC, Morgan Keegan & Co., Inc., Robert W. Baird & Co. Inc., BB&T Capital Markets, Janney Montgomery Scott LLC, JMP Securities LLC and Sterne, Agee & Leach, Inc. are the underwriters.

Proceeds will be used to invest in lower middle market companies and for working capital and general corporate purposes.

Triangle is a specialty finance company in Raleigh, N.C.

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