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Triangle Capital to redeem 6.375% $25-par notes due 2022 on Aug. 30
By Sarah Lizee
Olympia, Wash., July 31 – Triangle Capital Corp. plans to redeem all $86.25 million of its outstanding 6.375% $25-par notes due March 15, 2022 and all $80.5 million of its outstanding 6.375% $25-par notes due Dec. 15, 2022, according to an 8-K filing with the Securities and Exchange Commission.
The redemption is expected to occur on Aug. 30.
The notes will be redeemed at par plus the accrued interest through but excluding the redemption date.
The redemption is being made in connection with the close of Triangle’s previously announced asset sale transaction with BSP Asset Acquisition I, LLC.
The specialty finance company is based in Raleigh, N.C.
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