TY - JOUR T1 - Bridge Financing over Troubled Waters JF - The Journal of Private Equity SP - 59 LP - 63 DO - 10.3905/jpe.2002.320034 VL - 6 IS - 1 AU - Timothy J. Harris Y1 - 2002/11/30 UR - https://pm-research.com/content/6/1/59.abstract N2 - Bridge financing raises needed capital between rounds of venture finance. In some cases, bridge finance, usually issued as convertible debt, is seen simply as prepaid equity in the next round of finance. In the heady days of the roaring '90s, this worked well and required minimal documentation. As times have changed, so must our practices. This article notes a series of trends in bridge finance terms, such as: longer timelines; more complex documentation; certain conditions precedent; maturity; pledge of collateral; restrictions of the use of proceeds; conversion upon acquisition or financing; and warrant coverage. ER -