SUBSEQUENT EVENTS |
12 Months Ended |
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Dec. 31, 2023 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS | SUBSEQUENT EVENTS Notes Receivables from Affiliates
As of March 7, 2024, the Company had issued a short-term note receivable to Bridge Debt Strategies Fund V totaling $27 million.
Credit Facility
On February 28, 2024, the Company entered into an amendment to the Credit Agreement, which included among other things, a reduction in the total aggregate commitments under the Credit Facility from $225 million to $150 million, with the ability to increase aggregate commitments up to an additional $75 million, and extended the maturity date to June 2026.
As of March 7, 2024, the Company had made additional net draws of $49 million on its Credit Facility.
Dividends
In February 2024, Bridge declared a quarterly dividend of $0.07 per share of its Class A common stock, payable on March 22, 2024 to its Class A common stockholders of record at the close of business on March 8, 2024.
Other than as disclosed elsewhere in these notes to the consolidated and combined financial statements, no subsequent events have occurred that would require recognition in the consolidated and combined financial statements or disclosure in the accompanying footnotes.
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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