1.800.430.1312 Home  |  About Us  |  News  |  Contact  |  Careers  |  Investors
Visit us on Facebook Jagged Peak on Twitter Jagged Peak on You Tube Jagged Peak Blog Join us on LinkedIn
Jagged Peak Recognized In Gartner's 2011 eCommerce Magic Quadrant Jagged Peak Wins ‘Best Web Tool’ Award For eCommerce Software From WebHosting Search Fit For Commerce Verified Request an EDGE Demonstration
 
Jagged Peak - In the News
News
News Archives
 

Press Release

Jagged Peak, Inc.
3000 Bayport Dr, Suite 250
Tampa, FL 33607
 

FOR IMMEDIATE RELEASE

Jagged Peak Closes Senior Secured Debt Facility

TAMPA, FLORIDA – Tuesday, March 9, 2010 - Jagged Peak, Inc. (OTC BB: JGPK), Bryant Park Capital is pleased to announce that it has arranged for a new Senior Secured Debt Facility for Jagged Peak, Inc. with a specialty finance asset manager. The new facility was used to refinance the existing senior secured debt, provide growth capital and working capital. Jagged Peak is a rapidly growing e-business software and services company headquartered in Tampa, Florida. The Company provides demand and supply chain management, CRM execution and e-fulfillment solutions and services.

Bryant Park Capital was hired in September 2009 to find replacement financing for Jagged Peak's existing secured debt facility which was maturing in mid December 2009. The existing lender did not wish to extend the facility as it was looking to reduce its lending exposure. Despite the tight timetable Bryant Park Capital was able to find the necessary financing for Jagged Peak to replace the existing lender and to provide additional growth capital.

Paul Demirdjian, Chief Executive Officer of Jagged Peak, said, "Bryant Park Capital worked quickly and efficiently to source flexible senior secured financing for us. Despite a difficult capital market environment they were able to find cost effective and flexible growth capital for us. We are also very pleased with our new financing partner".

Forbes Burtt, Managing Director of Bryant Park Capital added "We are very pleased to be able to work with such an exciting and growing company like Jagged Peak. Despite the challenging capital market climate we continue to be able to find attractive and growth oriented financial solutions for our clients".

Bryant Park Capital acted as exclusive financial advisor to Jagged Peak in connection with this transaction.

About Jagged Peak
Founded in 2000, Jagged Peak had established itself as a leading provider of enterprise commerce software and supply chain distribution services. The company is focused on providing web based solutions that enable clients to optimize their supply chains and effectively conduct B2B and D2C e-commerce. Its blue chip client roster include companies such as SunAmerica, Nespresso, Tag Heuer, Swatch, and Kenzo. Jagged Peak is publicly traded under the ticker symbol JGPK.

About Bryant Park Capital
BRYANT PARK CAPITAL, INC. ("BPC") is an investment bank providing M&A and corporate finance advisory services to emerging growth and middle market public and private companies. BPC is comprised of seasoned M&A and corporate finance professionals from top tier investment banks, senior executives of operating companies and private equity investors. BPC excels in providing M&A advisory and capital raising services for complex deal structures as well as providing high level access to top tier private equity, hedge fund and venture capital firms and our professionals have completed close to 400 deals representing an aggregate transaction value of approximately $80 billion. BPC is a founding member of the Concilio Network, an exclusive global network of leading boutique investment banking firms focused on emerging growth and middle market companies, with offices in Athens, Barcelona, Copenhagen, Hamburg, Hong Kong, London, Madrid, Milan, Montevideo, Munich, Nassau, Oslo, Paris, and Stockholm. www.bryantparkcapital.com

Media Contact
Vincent Fabrizzi, CSMO
Jagged Peak Inc.
3000 Bayport Drive, Suite 250
Tampa, FL 33607
(800) 430-1312

© Copyright 2010, Jagged Peak. All rights reserved.

     
©2010 Jagged Peak, Inc. All rights reserved.