PJC Piper Jaffray Companies

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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