Piper Jaffray Provides Innovative Financing for Atlanta Tech Centre; Firm Continues to Build its Loan Platform
October 18 2006 - 2:44PM
PR Newswire (US)
MINNEAPOLIS, Oct. 18 /PRNewswire-FirstCall/ -- Piper Jaffray &
Co. has acted as placement agent for first mortgage financing for
Quality Investment Properties, Suwanee, L.L.C. for its Atlanta Tech
Centre project, a multi tenant, 376,000 square foot data center
facility specifically designed to support computers, information
technology and telecommunications equipment. The $115 million loan
facility, completed last month, was issued as a six-year
floating-rate taxable loan with a 25-year amortization, which was
converted to a fixed-rate financing through an Interest Rate Swap
Agreement. The transaction is one of several loan placements Piper
Jaffray has completed this year as it continues to grow its loan
platform. "We are pleased to have provided the Atlanta Tech Centre
a unique financing solution," said Frank Fairman, head of Public
Finance Services at Piper Jaffray. "This was a complex financing
for a unique property type. We were able to provide our client a
solution that was tailored to their needs and was seamlessly
executed on a tight time schedule. This transaction demonstrates
our ability to arrange and complete complex loan transactions as
well as bond transactions." In 2006, Piper Jaffray has been senior
or co-manager on 532 municipal transactions with a par value of
$17.2 billion. The recent Atlanta Tech Centre facility loan was the
51st loan transaction for Piper Jaffray and brings the total par
value of loans completed to more than $500 million for the firm.
Piper Jaffray offers clients both taxable and tax-exempt fixed
rate, floating rate, bonds, loans and derivatives. The firm also
recently added secondary loan-trading capabilities, loan analytics
and electronic ATS distribution to its overall product capability
to serve client needs. About Piper Jaffray Piper Jaffray & Co.
is a leading, international middle market investment bank and
institutional securities firm, which serves the needs of middle
market corporations, private equity groups, public entities,
nonprofit clients and institutional investors. Founded in 1895,
Piper Jaffray provides a comprehensive set of products and
services, including equity and debt capital markets products;
public finance services; mergers and acquisitions advisory
services; high-yield and structured products; institutional equity
and fixed-income sales and trading; and equity and high-yield
research. With headquarters in Minneapolis, Piper Jaffray has 25
offices across the United States and international locations in
London, Madrid and Shanghai. Piper Jaffray & Co. is the firm's
principal operating subsidiary. (NYSE:PJC) (
http://www.piperjaffray.com/ ). Since 1895. Member SIPC and NYSE.
DATASOURCE: Piper Jaffray & Co. CONTACT: Media Relations, Rob
Litt of Piper Jaffray, +1-612-303-8266 Web site:
http://www.piperjaffray.com/
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