RALEIGH, N.C., June 26, 2013 (GLOBE NEWSWIRE) -- Triangle Capital Corporation (NYSE:TCAP) ("Triangle" or the "Company"), a leading provider of capital to lower middle market companies, today announced that it has amended its $165.0 million senior secured credit facility ("Credit Facility") jointly arranged by BB&T Capital Markets and Fifth Third Bank. Key provisions of the amendment include extending the maturity date by one year to September 17, 2017, allowing the Company to borrow foreign currencies (initially Canadian Dollars) directly under the Credit Facility, and reducing the interest rate for borrowings by twenty basis points to LIBOR/CDOR plus 2.75%. The Credit Facility continues to have an accordion feature which allows for an increase in the total loan size up to $215.0 million, and also contains a one-year extension option.
Triangle Capital Corporation Announces Amendment To Existing $165.0 Million Credit Facility
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