Triangle Capital, a provider of capital to lower middle market companies, has amended its $165 million senior secured credit facility jointly arranged by BB&T Capital Markets and Fifth Third Bank. Key provisions of the amendment include extending the maturity date by one year to September 17, 2017, allowing the company to borrow foreign currencies (initially Canadian Dollars) directly under the Credit Facility, and reducing the interest rate for borrowings by twenty basis points to LIBOR/CDOR plus 2.75%.  The Credit Facility continues to have an accordion feature which allows for an increase in the total loan size up to $215.0 million, and also contains a one-year extension option.

"We are excited to expand our relationships with the nine lenders in our Credit Facility and to secure a key source of liquidity for an additional year on very attractive terms. In addition, the foreign currency borrowing provisions of the Credit Facility will provide enhanced flexibility as we evaluate new investment opportunities throughout North America," commented Steven C. Lilly, Chief Financial Officer.

Triangle Capital Corporation 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.