At March 31, 2013, the Company had cash and cash equivalents totaling $37.0 million, and no borrowings outstanding under its $165.0 million senior credit facility.During the first quarter of 2013, Triangle prepaid $20.5 million in Small Business Administration ("SBA")-guaranteed debentures that bore interest at a rate of 6.44%. As of March 31, 2013, the Company had outstanding non-callable, fixed-rate SBA-guaranteed debentures totaling $193.1 million with a weighted average interest rate of 4.07%. The Company has the ability to issue $31.3 million in additional SBA-guaranteed debentures.
Triangle Capital Corporation Reports First Quarter 2013 Results
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