Bridge facility
From ACT Wiki
A bridge facility is an interim borrowing facility.
It is available during a period when arrangements for other financing are in process, but have not yet been completed.
Bridge facilities are often used during acquisitions.
In some cases, the bridge facility may never be drawn down.
- Highly commended
- "Highly commended in this category was Informa's complex acquisition financing deal...
- The deal, which was intended to support the company's transformation acquisition of UBM, included a £700m acquisition bridge facility."
- The Treasurer magazine, Deals Edition 2019, p24.
Bridge facility is sometimes abbreviated to "bridge".
