Triangle Capital Corp (TCAP.O) said its offering of 1.2 million shares was priced at $10.75 per share.
The offering is at a discount of 7 percent to the stock's Tuesday closing of $11.60.
The company expects net proceeds of about $11.9 million, which it intends to invest in lower middle market companies, and for working capital and general corporate purposes.
The company has granted the underwriters an option to purchase up to 180,000 additional shares of common stock to cover over-allotments, if any.
The underwriters of this offering are Morgan Keegan & Co Inc, BB&T Capital Markets and RBC Capital Markets.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment