Triangle Capital’s $75 million 6.375% $25-par notes admitted to NYSE

By Stephanie N. Rotondo

Phoenix, Feb. 10 – Triangle Capital Corp.’s $75 million of 6.375% $25-par notes due March 15, 2022 began trading on the New York Stock Exchange on Tuesday.

The ticker symbol is “TCCB.”

The deal priced Feb. 4 via Keefe Bruyette & Woods Inc., Raymond James & Associates Inc., BB&T Capital Markets and Janney Montgomery Scott LLC as joint bookrunners. JMP Securities LLC, Sterne Agee & Leach Inc. and Wunderlich Securities Inc. were the co-lead managers.

Interest will be paid quarterly on the 15th of March, June, September and December, beginning March 15.

The notes become redeemable at par plus accrued interest on or after March 15, 2018.

Proceeds will be used to invest in lower middle market companies in accordance with investment objectives and strategies and for working capital and general corporate purposes.

Triangle Capital is a Raleigh, N.C.-based specialty finance company.

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