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Jupiter Media gets $100 million credit limit

By Brent Phelps December 30, 2005

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Just before the holidays Jupiter Media announced that it has closed a $100 million senior credit facility arranged by JPMorgan Securities, Inc. Jupitermedia has used this new credit to pay off $53 million peviously borrowed from JPMorgan, and expects to use the remainder for potential acquisitions. That leaves Jupiter with the resources to spend another 47 million in the near future and it seems likely that the Jupiter acquisition machine will keep rolling well into 2006.  Click here to view the press release. Also reported by StockPhotoTalk.