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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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.
Morgan in connection with providing committed bridge financing to Tyson Foods, Inc.
7 million in bridge financing for the Alden Ridge apartment complex within the Atlanta market and $5.
Running out of money to finish modernization projects promised under Proposition BB, the Los Angeles school board Tuesday opted to borrow $250 million from the Measure K bond issue as bridge financing to continue renovation work until the district can win passage of another bond measure in March.
Another short-term lending measure is bridge financing, which is a loan from $100,000 to several million dollars for a set amount of time, often 60 to 120 days.
OTC Bulletin Board: NTUN) one of the country's largest publicly traded cremation specialists, announced today that that it has entered into a memorandum of understanding to obtain bridge financing in the amount of $1.
The Bridge Financing provides the Company with sufficient funds to operate through mid 2009, during which time the Company will continue its ongoing discussions with certain existing and new potential investors, in order to secure longer term funding.
bg, reminded that the bridge financing had been provided by Citigroup.
ARCS is capable of providing Fannie Mac, Capital Markets, mezz & bridge financing, and even Freddie Mac.
Nasdaq: AQIS; BSE) today announced that it has completed a $2 million bridge financing and amended its credit agreement with its principal lender.