New investment transactions during the second quarter of 2013 are summarized as follows:
In May, 2013, the Company made a $7.6 million investment in Dyno Parent LLC ("Dyno") consisting of subordinated debt and equity. Dyno is a supplier of sewing products and seasonal decorative products.
In May, 2013, the Company made a $5.0 million subordinated debt investment in Snacks Holding Corporation ("Snacks") in a recapitalization transaction. Snacks is the largest manufacturer and marketer of trail mixes in North America.
Investments subsequent to quarter-end are summarized as follows:
In July, 2013, the Company made a $15.0 million investment in Applied Consultants, Inc. ("Applied") consisting of subordinated debt and equity. Applied provides inspection services to the oil and gas pipeline infrastructure industry including inspection of pipelines, compressor stations and processing facilities used in midstream oil and gas energy transport.
In July, 2013, the Company made a $10.0 million second lien term loan to Water Pik, Inc. ("Water Pik"). Water Pik is a leading developer, manufacturer and marketer of innovative branded health care products including oral health and replacement showerhead products.
Conference Call to Discuss Second Quarter 2013 Results
Triangle has scheduled a conference call to discuss second quarter 2013 operating and financial results for Thursday, August 8, 2013, at 9:00 a.m. ET.
To listen to the call, please dial 877-312-5521 or 253-237-1143 approximately 10 minutes prior to the start of the call. A taped replay will be made available approximately two hours after the conclusion of the call and will remain available until August 12, 2013. To access the replay, please dial 855-859-2056 or 404-537-3406 and enter the passcode 17550528.
Triangle's quarterly results conference call will also be available via a live webcast on the investor relations section of its website at
. Access the website 15 minutes prior to the start of the call to download and install any necessary audio software. An archived webcast replay will be available on the Company's website until September 10, 2013.
About Triangle Capital Corporation
Triangle Capital Corporation (
) 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 investment structures with a primary focus on mezzanine financing 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 - $30.0 million per transaction in companies with annual revenues between $20.0 million and $200.0 million and EBITDA between $3.0 million and $25.0 million.
Triangle has elected to be treated as a business development company under the Investment Company Act of 1940 ("1940 Act"). Triangle is required to comply with a series of regulatory requirements under the 1940 Act as well as applicable NYSE, federal and state laws and regulations. Triangle has elected to be treated as a regulated investment company under the Internal Revenue Code of 1986. Failure to comply with any of the laws and regulations that apply to Triangle could have a material adverse effect on Triangle and its stockholders.