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The Bridge Facility Agreement is a crucial financing document used when companies require interim funding before securing long-term financing or completing a specific transaction. Common in Malaysia's corporate landscape, it's particularly utilized in mergers and acquisitions, project financing, or property development where timing gaps exist between capital needs and permanent funding sources. The agreement must comply with Malaysian banking regulations, including the Financial Services Act 2013 and Bank Negara Malaysia's requirements. It typically covers facility amount, interest rates, repayment terms, conditions precedent, and take-out financing arrangements. Bridge facilities are usually short-term (6-18 months) and may be secured or unsecured, with provisions for conversion to or replacement by permanent financing.

1. Parties: Identification of the lender(s), borrower(s), and any guarantors

2. Background: Context of the bridge facility, including purpose and relationship to permanent financing

3. Definitions and Interpretation: Definitions of terms used in the agreement and rules of interpretation

4. The Facility: Details of the bridge facility amount, purpose, and availability period

5. Conditions Precedent: Conditions that must be satisfied before drawdown

6. Drawdown: Procedures and requirements for utilizing the facility

7. Interest: Interest rate, calculation periods, and payment terms

8. Repayment and Prepayment: Terms for repayment, including mandatory and voluntary prepayment provisions

9. Take-out Financing: Provisions regarding replacement of bridge facility with permanent financing

10. Representations and Warranties: Standard and transaction-specific representations by the borrower

11. Covenants: Financial and general undertakings by the borrower

12. Events of Default: Circumstances constituting default and consequences

13. Changes to Parties: Provisions for transfer, assignment, and syndication

14. Administration: Operational provisions including calculations, notices, and amendments

15. Governing Law and Enforcement: Choice of Malaysian law and jurisdiction provisions