Bridge Gets $305 Million Investment From WelSh, Carson, Makes Debt Repayment

NEW YORK--Welsh, Carson, Anderson & Stowe will make a further investment of $305 million into Bridge Information Systems, effectively writing off Bridge’s bank debt repayment and quelling doubts as to Bridge’s immediate financial predicament.

Out of the $305 million injection, which is subject to the approval of Bridge’s lenders, $155 million will be used to reduce its existing debt. After the infusion of this capital, Bridge will have no required bank debt payments to make until Sept. 30, 2001