Triangle Capital Corporation Completes Underwriters Option To Acquire Additional Shares Connected To IPO
Triangle Capital Corporation (Nasdaq:TCAP) (“Triangle”) a specialty finance company providing customized financing solutions to small and mid-sized companies, today announced that in connection with its initial public offering, the underwriters of the offering exercised and closed on March 14, 2007 their option to purchase an additional 570,000 shares of common stock at $15.00 per share from Triangle to cover over-allotments. Triangle received approximately $7.95 million in additional net proceeds from the sale of these shares after deducting the underwriting discount.
Morgan Keegan & Company, Inc. served as sole lead book-running manager of the offering. BB&T Capital Markets, a division of Scott & Stringfellow, Inc., Avondale Partners, LLC and Sterne, Agee & Leach, Inc. served as co-managers. The offering may be made only by means of a Prospectus, copies of which may be obtained from Morgan Keegan & Company, Inc., 50 N. Front Street, 19th Floor, Memphis, Tennessee, 38103.
This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the shares referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction. A registration statement relating to these securities was filed and has been declared effective by the Securities and Exchange Commission.
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.