The company also plans to grant the underwritersan option to buy up to an additional 937,500 shares.
Based on the company's July 25 closing price of $20.52and including the underwriters' option, S&P Global Market Intelligence calculatesan aggregate offering price of approximately $147.5 million.
Triangle Capital plans to invest the net proceedsfrom the offering in lower-middle-market companies in line with its investment objectiveand strategies, and for working capital and general corporate purposes.
Morgan Stanley & Co. LLC, Keefe Bruyette &Woods, Bank of America Merrill Lynch, Wells Fargo Securities LLC and Robert W. Baird& Co. Inc. are acting as joint book-running managers for the offering. BB&TCapital Markets and Janney Montgomery Scott LLC are acting as lead managers, andJMP Securities LLC, Wunderlich Securities Inc. and Houlihan Lokey Capital Inc. areacting as co-managers.