latest news releases from the newsroom
British Airways PLC
British Airways Launches 'London for Free'
NEW YORK, Jan. 20, 2009 (GLOBE NEWSWIRE) -- British Airways today launched its ever popular 'London for Free', offering two nights' free hotel in London.
Triangle Capital Corporation
Triangle Capital Corporation Recognizes $2.8 Million Gain On Investment in Porters Group Holdings, Inc.
RALEIGH, N.C., Jan. 20, 2009 (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 has recognized a gain of approximately $2.8 million, or approximately $0.41 per share, in connection with the sale of its equity position in Porters Group Holdings, Inc. ("Porters"). Triangle's original investment in Porters was comprised of $2.5 million in subordinated debt with warrants and a $250,000 equity co-investment. Porters repaid Triangle's subordinated debt investment in August, 2007. The total investment yielded an internal rate of return of approximately 42.0%. Porters, based in Charlotte, North Carolina, fabricates a wide variety of metal parts to meet customers' specifications.