Triangle Capital Corp. Invests in Tosca Services

4/24/17

RALEIGH, N.C., April 24, 2017 (GLOBE NEWSWIRE) -- Triangle Capital Corporation (NYSE:TCAP), a leading provider of capital to lower middle market companies, announced today that it closed a $29.7 million investment in Tosca Services, LLC consisting of senior debt. Tosca provides reusable plastic containers and logistics services to companies operating in the perishable food supply chain.

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.

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