In September, 2012, Triangle closed on a four-year senior secured credit facility ("Credit Facility") with an initial commitment of $165.0 million. 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. As of December 31, 2012, the Company had no debt outstanding under the Credit Facility.In October, 2012, Triangle filed a prospectus supplement pursuant to which $70.0 million in aggregate principal amount of senior unsecured notes due 2022 were offered to the public. In November 2012, the underwriters fully exercised their option to purchase an additional $10.5 million in aggregate principal amount of notes to cover overallotments, bringing the total offering to $80.5 million with net proceeds to the Company of $77.8 million after deducting underwriting discounts and estimated offering expenses. The notes will mature on December 15, 2022, and may be redeemed in whole or in part at any time or from time to time at the Company's option on or after December 15, 2015. The notes bear interest at a rate of 6.375% per year payable quarterly on March 15, June 15, September 15, and December 15 of each year. The notes trade on the NYSE under the symbol "TCCA."
Record Date: March 13, 2013 Payment Date: March 27, 2013Portfolio Investments During the year ended December 31, 2012, the Company made twenty-six new investments, including recapitalizations of existing portfolio companies, totaling $340.5 million, additional debt investments in eight existing portfolio companies totaling $7.8 million, and five additional equity investments in existing portfolio companies totaling $0.6 million. The Company also sold equity investments in portfolio companies for total proceeds of $11.0 million, resulting in realized gains totaling $6.2 million. The Company had sixteen portfolio company loans repaid at par totaling $138.4 million, resulting in realized gains totaling $0.5 million. In addition, normal principal repayments, partial loan prepayments and payment-in-kind interest repayments totaled $19.0 million for the year ended December 31, 2012.