A short-term loan from banks that lets a buyer sign a deal before permanent financing is arranged. It is expensive and designed to be replaced quickly.
过桥贷款
| Move变动 | Where it appeared出现位置 | What it means这句话在说什么 |
|---|---|---|
| $7.7bn | Kimberly-Clark offers bonds to help fund Tylenol maker takeover 过桥贷款 · 第 4 张术语卡 | JPMorgan provided $7.7 billion late last year; this bond sale repays it. 并购里它解决的是「确定性」：卖方要求签约时钱必须到位（certain funds），而发债需要几周路演。银行先垫，收承诺费与逐年上升的利率，等公司发债或增发股票后再收回。风险在于「接盘时刻」——如果债市突然关上，过桥贷款就砸在银行自己账上。2008 年就是这么出事的。 |