PRINCE2Â® (Projects IN Controlled Environments) is a structured project management method, PRINCE2 and certification programme for practitioners in the methodology who are accredited, qualified through training. PRINCE2 emphases dividing projects into manageable and controllable stages.
DEFINITION of 'Bridge Loan'. A short-term loan that is used until a person or company secures permanent financing or removes an existing obligation. This type of financing allows the user to meet current obligations by providing immediate cash flow.
The facility comprises a bridge loan (the Bridge Loan ) and a term loan (the Term Loan ) of[euro]2 billion in aggregate and a revolving credit facility of[euro]500 million (the RCF ).