RALEIGH, N.C., Oct. 03, 2017 (GLOBE NEWSWIRE) -- Triangle Capital Corporation (NYSE:TCAP) (“Triangle” or the “Company”), a leading provider of capital to lower middle market companies, announced today that it received a new commitment to its senior secured credit facility (“Credit Facility”) in the amount of $15.0 million, bringing total commitments under the Credit Facility to $480.0 million supported by a diversified group of fifteen lenders. The additional commitment was executed under the accordion feature of the Credit Facility, which continues to allow for an increase in commitments up to $550.0 million. The final maturity date of the Credit Facility remains unchanged at April 30, 2022.
About Triangle Capital Corporation
Triangle Capital Corporation (www.TCAP.com) invests capital in established companies in the lower middle market to fund growth, changes of control and other corporate events. Triangle offers a wide variety of debt and equity investment structures including first lien, unitranche, second lien, and mezzanine with equity components. Triangle’s investment objective is to seek attractive returns by generating current income from debt investments and capital appreciation from equity related investments. Triangle’s investment philosophy is to partner with business owners, management teams and financial sponsors to provide flexible financing solutions. Triangle typically invests $5.0 million - $50.0 million per transaction in companies with annual revenues between $20.0 million and $300.0 million and EBITDA between $5.0 million and $75.0 million.