Bridge financing

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Bridge financing

Interim financing of one sort or another used to solidify a position until more permanent financing is arranged.

Bridge Financing

Financing or credit that an investment bank or venture capital firm extends until long-term financing can be arranged or an obligation is removed. If bridge financing is a loan, interest rates are relatively high, often 12-15%. Some institutions, however, accept payment in the form of equity in the company receiving the financing, often in order to sell to investors later. Bridge financing is used to satisfy working capital needs; for example, if a company is arranging for an IPO or a bond issue in the coming months, but needs capital before then, it may arrange bridge financing. See also: Angel investor.
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The program will be managed through a newly formed subsidiary of CW Capital, CW Capital Bridge Finance LLC, which will coordinate the principal aspects of the venture from its new office in Greenwich, Connecticut.
The R550 million bridge finance facility will ensure that the project is completed within the targeted dates irrespective of the timing of financial close of the long term financing structure.
7 /PRNewswire/ -- Bridge Finance Group announced the completion of a revolving line of credit to Access Distribution, Inc.
19 million shares will be newly-issued by the company, and 510,000 shares will be sold by a bridge finance group.
CHICAGO, July 24 /PRNewswire/ -- Bridge Finance Group announced the completion of a revolving line of credit to Brandess-Kalt-Aetna Group ("BKA").
Proceeds will be used to bridge finance the construction of the Namaka area gas gathering, compression and dehydration facilities until June 1 1996.
CHICAGO, July 15 /PRNewswire/ -- Bridge Finance Group ("Bridge") announced the completion of a $14.
June 25 /PRNewswire/ -- Bridge Finance Group, a Chicago, IL-based firm specializing in accounts receivable, inventory, equipment and cash flow loans, has selected and deployed BlueThread's SmartDesk, K2 workflow and Microsoft Office SharePoint Server 2007 to automate its loan processing business and meet critical 24 hour Service Level Agreements (SLAs).
CHICAGO, June 24 /PRNewswire/ -- Bridge Finance Group announced the completion of a $2.
CHICAGO, May 6 /PRNewswire/ -- Bridge Finance Group announced the completion of a $10.
CHICAGO, April 29 /PRNewswire/ -- Bridge Finance Group announced the completion of an $8.