RALEIGH, N.C., Sept. 18, 2012 (GLOBE NEWSWIRE) -- Triangle Capital Corporation (NYSE:TCAP) ("Triangle" or the "Company"), a leading provider of capital to lower middle market companies located throughout the United States, today announced that it has closed a four-year senior secured credit facility ("Credit Facility") with an initial commitment of $165.0 million. The Credit Facility was arranged by BB&T Capital Markets and Fifth Third Bank and replaces the Company's existing $75.0 million senior secured credit facility. The Credit Facility has an accordion feature which allows for an increase in the total loan size up to $215.0 million and also contains two one-year extension options bringing the total potential term to six years from closing. Borrowings under the Credit Facility will be at an interest rate of LIBOR plus 2.95%.
Triangle Capital Corporation Announces Closing Of $165.0 Million Senior Credit Facility
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