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ARTICLE · 15 MAY 2020

Details On BDC Capital's Bridge Financing Program

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The Business Development Bank of Canada (BDC) is one important part of the Canadian government's overall COVID-19 economic response plan.

CanadaFinance and Banking
Kristine Di Bacco
Kristine Di Bacco
Marko Trivun
Marko Trivun
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The Business Development Bank of Canada (BDC) is one important part of the Canadian government's overall COVID-19 economic response plan. This bulletin will focus on the Bridge Financing Program offered by BDC Capital, which is the investment arm of the BDC. The Bridge Financing Program may serve to assist hesitant investors in closing funds or investments that have stalled as a result of the pandemic.

Details

The Bridge Financing Program is a new convertible note matching program announced on April 9, 2020, and on April 14, 2020, the Canadian Venture Capital and Private Equity Association (CVCA) hosted a webinar presentation by Jérôme Nycz (Executive Vice President of BDC Capital) and Thomas Park (Vice President Operations & Strategy of BDC Capital) for CVCA members to discuss the note matching program in greater detail.

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