August 10, 2009 (FinancialWire) — Triangle Capital Corp. (NASDAQ: TCAP) has priced a public offering of 1,300,000 shares of common stock in an underwritten public offering. Pricing was set at $10.42 per share, and net proceeds from the offering, after deducting underwriting discounts and estimated offering expenses payable by the company, are expected to be approximately $12,665,000.

The company intends to invest the net proceeds in lower middle market companies in accordance with our investment objective and strategies, and for working capital and general corporate purposes.

The underwriters have been granted an option, exercisable for 30 days, to purchase up to 195,000 additional shares of common stock to cover overallotments, if any. The underwriters of this offering are RBC Capital Markets Corp., BB&T Capital Markets, a division of Scott & Stringfellow, LLC, Morgan Keegan & company, Inc., and Sterne, Agee & Leach, Inc. The offering is subject to customary closing conditions and is expected to close on August 12, 2009.

The shares will be sold pursuant to an effective shelf registration statement on form N-2 that has been filed with the U.S. Securities and Exchange Commission.

Investors are advised to carefully consider the investment objectives, risks and charges and expenses of the company before investing. The final prospectus supplement dated August 6, 2009, including the base prospectus dated April 16, 2009, contains this and other information about the company. The offering may be made only by means of a prospectus and a related prospectus supplement, copies of which may be obtained from RBC Capital Markets Corp., Attn: Equity Syndicate Department, Three World Financial Center, 200 Vesey Street, 8th Floor, New York, NY 10281, Phone: 212-428-6670, Fax: 212-428-6260.

This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the shares referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.

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