Jupitermedia Raises $115 Million in Credit Line

Jupitermedia, the tech media, events and images company, has closed a $115 million senior credit facility, arranged by KeyBanc Capital Markets. It has initially borrowed $75 million of this amount to repay a previous credit facility with JPMorgan Securities and to fund future acquisitions. The company has made a slew of small to mid size acquisitions in the B2B images and music licensing business over the last two years.

Earlier this week it also appointed Bruce Morris as SVP and GM of its JupiterOnlineMedia division. He has previously been the CEO of Thompson Media’s publishing and conference groups and most recently the President of Source Media’s banking group.

Jupitermedia CEO Alan Meckler will be speaking at our “Future of Business Media” conference in NYC on October 30th. More on the plans on the FOBM website here.

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