TORONTO, May 26, 2017 /CNW/ - Bridging Finance Inc. ("Bridging Finance") is pleased to announce a sample of recently completed transactions since the beginning of its fourth quarter (Q4) in 2016.
In Q4 of 2016 and Q1 of 2017, Bridging Finance has had several successful exits and has completed over $185,000,000 in new commitments to mid-market companies from various sectors throughout Canada and the United States. "We are very pleased with our continued growth in solidifying our spot as one of Canada's premier private debt lenders" said David Sharpe, Chief Executive Officer of Bridging Finance.
"Our ability to act quickly and provide flexibility to borrowers has permitted Bridging Finance to experience robust lending opportunities to numerous Canadian mid-market companies seeking alternative capital where traditional sources of debt financing may not have been available" added Sharpe.
About Bridging Finance Inc.
Bridging Finance is a privately held Canadian company providing middle-market North American companies with alternatives to the financing options offered by traditional lenders. Lending proceeds, typically ranging from $3,000,000 to upwards of $50,000,000, are used by companies to address short-term needs such as restructuring existing debt, providing working capital for growth, supporting inventory purchases and financing expenditures and acquisitions/buyouts. Bridging Finance is the Sub-Advisor to the Sprott Bridging Income Fund LP. Bridging Finance also offers portfolio management services for institutional and family office clients.
SOURCE Bridging Finance Inc.
For further information: David Sharpe, LLB, LLM, MBA, Chief Executive Officer, Bridging Finance Inc., T: (416) 642-7572 | C: (647) 981-5658, [email protected]