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Triangle Capital Corporation Invests $14.8M in Magpul

According to a press release, Triangle Capital Corporation (TCAP) announced that it closed a $14.8 million investment in Magpul Industries Corporation consisting of subordinated debt and equity.

This is interesting considering Magpul has had a fair number of suitors over the years, although generally, they have been interested in outright purchasing them rather than investing capital. Rumors have swirled about Magpul’s desire to make another foray into firearms design and perhaps this capital is going to be used to help them do just that.

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This entry was posted on Sunday, September 25th, 2011 at 16:30 and is filed under Industry, weapons. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “Triangle Capital Corporation Invests $14.8M in Magpul”

  1. More on the Magpul Investment « Soldier Systems says:
    September 28, 2011 at 00:11

    […] the transaction. Financial terms of the transaction were not disclosed but we do know that Triangle Capital Corpannounced a $14.8 M investment last week as well. Additionally, we have heard that this investment […]