UK:
Bridge To Bond Facilities
22 September 2022
Morrison & Foerster LLP
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John Burge and Matthew Dunlap authored an article for
LexisNexis providing up to date legal information on
bridge to bond facilities.
A bridge to bond facility is a type of acquisition financing
where the buyer requires the certainty of a fully committed
financing package, but which is intended to be replaced in the
future with a mid- to long-term financing in the form of high yield
bonds. In markets where acquisitions do not require a financing
condition, a bridge financing package (which is available to be
drawn if necessary) often remains a key component to a successful
bid.
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Because of the generality of this update, the information
provided herein may not be applicable in all situations and should
not be acted upon without specific legal advice based on particular
situations.
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