TORONTO, Oct. 5, 2017 – Bridging Finance Inc. (“Bridging“), a leading provider of private debt capital for businesses operating in North America, is pleased to announce that it has recently completed $300,000,000 in new financings for the 9 months ended September 30, 2017. “In addition to the $300MM in new commitments completed, we’ve had over $170MM in successful exits so far in 2017,” commented David Sharpe, CEO.
Bridging provides capital in the form of asset-based loans, unitranche and factoring facilities, to companies for growth, transition, shareholder buyouts, acquisitions, and special situations. Capital is used as a complement or replacement to a company’s existing debt facilities generally on more flexible terms than provided by traditional financial institutions.
Bridging is the Co-Manager of Sprott Bridging Income Fund LP and Sprott Bridging Income RSP Fund and is Manager of the recently announced Bridging Mid-Market Debt Fund.