Triangle Capital Corporation Invests in APM Holdings, LLC
April 26 2017 - 6:30AM
Triangle Capital Corporation (NYSE:TCAP)
(“Triangle” or the “Company”), a leading provider of capital to
lower middle market companies, announced today that it closed a
$14.4 million investment in APM Holdings, LLC (“APM”) consisting of
second lien debt. APM is a manufacturer of high-purity chemicals
for the pharmaceutical, biopharmaceutical, semiconductor and
laboratory markets.
About Triangle Capital
Corporation
Triangle Capital Corporation (www.TCAP.com) 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 - $50.0 million per transaction in
companies with annual revenues between $20.0 million and $300.0
million and EBITDA between $5.0 million and $75.0 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.
Forward Looking Statements
This press release may contain forward looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Any such statements, other than statements of
historical fact, are likely to be affected by other unknowable
future events and conditions, including elements of the future that
are or are not under the Company's control, and that the Company
may or may not have considered; accordingly, such statements cannot
be guarantees or assurances of any aspect of future performance.
Actual developments and results are highly likely to vary
materially from these estimates and projections of the future and
some of these uncertainties are enumerated in Triangle’s filings
with the Securities and Exchange Commission. Certain factors that
could cause actual results to differ materially from those
contained in the forward-looking statements are included in our
annual reports on Form 10-K, quarterly reports on Form 10-Q and
current reports on Form 8-K, each as filed with the Securities and
Exchange Commission. Copies are available on the SEC’s website at
www.sec.gov and stockholders may receive a hard copy of the
completed audited financial statements free of charge upon request
to the Company at 3700 Glenwood Avenue, Suite 530, Raleigh, NC
27612. Such statements speak only as of the time when made, and the
Company undertakes no obligation to update any such statement now
or in the future.
Contacts
E. Ashton Poole
President & Chief Executive Officer
919-747-8618
apoole@tcap.com
Steven C. Lilly
Chief Financial Officer
919-719-4789
slilly@tcap.com
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