Two other companies that were on month-to-month bridge financing were traded down 30%-50% during the closing process.
She could also borrow bridge financing from the Treasury to cover for the time lapse between a bank failure and the sale of its assets.
Government spokesman Ulrich Wilhelm said Berlin regretted the decision, adding that it wanted GM to repay 1.5bn euros in bridge financing extended by German banks.
Rattner contends that if a private equity fund were managing the investments, the government would have a very good chance of getting back all of its money, including the early bridge financing.
In any case, sell-offs will not happen quickly enough to bridge the financing gap in 2012.
To prevent a catastrophic deflation as speculators turned in their pesos, Cavallo arranged for stopgap loans from the IMF (Argentina was tossed into a temporary recession because the IMF demanded major tax boosts as a condition for the bridge-loan financing).
"The DOE loan program provides an important financing 'bridge' at a time when the U.S. private debt markets have little to no experience financing first of their kind utility-scale solar projects, " First Solar Chief Executive Rob Gillette said in an email.
Meanwhile, Corinthians and Odebrecht are financing construction via bridge loans, which cost much more, especially considering the relatively high interest rates in Brazil.
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Myanmar will start clearing its debt owed to the World Bank and the ADB, with financing from a bridge loan from the Japan Bank for International Cooperation.
Most heart-arresting are bridge loans, which carry a company to an imminent financing eventa venture round, an initial public offering or an acquisition.
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