RALEIGH, N.C., Aug. 19, 2010 (GLOBE NEWSWIRE) --Triangle Capital Corporation (Nasdaq:TCAP) ("Triangle" or the "Company"), a leading specialty finance company that provides customized financing solutions to lower middle market companies located throughout the United States, today announced that it closed a $14.0 million investment in Carolina Beer & Beverage ("CBB") consisting of subordinated debt and equity. CBB performs beverage manufacturing and co-packaging, as well as fee-based warehousing, logistics and distribution services. CBB is a co-packer for some of the largest and fastest growing national and international beverage companies, producing well known energy drinks, flavored malt beverages, and organic and natural beverages.

"CBB's state-of-the-art facilities have been designed with the flexibility necessary to service the complex requirements of the beverage industry with 'one-stop' service. These production and distribution capabilities, coupled with a seasoned management team, make CBB a very attractive addition to our investment portfolio," commented Garland S. Tucker, III, President and Chief Executive Officer of Triangle.

About Triangle Capital Corporation

Triangle Capital Corporation (www.TCAP.com)