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.