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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M2 EQUITYBITES-February 20, 2018-YIT reports on cancellation of EUR240m bridge financing agreement related to merger with Lemminkainen.
NORDIC BUSINESS REPORT-February 20, 2018-YIT reports on cancellation of EUR240m bridge financing agreement related to merger with Lemminkainen.
The financial institutions that will provide the credit facilities and bridge financing for the transaction are BofA Merrill Lynch, Citigroup, affiliates of Deutsche Bank AG, J.
Air India invites offers from banks/financial institutions to arrange a bridge financing up to $555 million for financing the acquisition of three B777-300 ER aircraft to be drawn equally at the time of taking delivery of the aircraft,"said the document issued this week.
Hunt Mortgage Group announced it closed $ 125 million in multifamily bridge financing through the first six months of the year.
To make sure the fund is solvent from the start, finance ministers gathered in Brussels for a regular meeting will try to agree on how the fund should get an initial bridge financing.
16 billion euros (PS5 billion) of bridge financing for Greece and that the money will come from funds in the European Financial Stabilisation Mechanism.
Attributing its information to unnamed inside sources, the newswire said Citigroup, Unicredit, Societe Generale, Deutsche Bank and HSBC had shown interest in providingA bridge financing, to be refinanced by a globalA bonds issue, probably in the first half of next year.
Ports Development Company (PDC) and Banque Saudi Fransi (BSF) have signed agreements governing a SR528 million murabaha bridge financing for the expansion of King Abdullah Port, the first privately developed and operated port in the Kingdom.
M2 PHARMA-August 25, 2011-Cancer Prevention Pharmaceuticals completes bridge financing round(C)2011 M2 COMMUNICATIONS
85m in long term and bridge financing from an accredited investor also serving as the personal guarantor for a larger credit facility currently in process.