Triangle Capital Corp (a BDC) Prices a Note Issue

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Business development company, Triangle Capital Corp (ticker:TCAP) has priced a new $25 note issue. The coupon will be 6.375%.

TCAP being a BDC will be required to have asset coverage of 200% of debt–this gives the issue an added level of safety.

We will likely buy a position in this debt issue as it has a relatively short maturity date in 2022.

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Details of the issue are here.

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Tim McPartland

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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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