Brightline reaches restructuring deal that will give it $490M in new capital, help lower debt
Florida's Brightline passenger train service secured a $490 million restructuring deal to reduce debt and provide new capital.
Florida’s Brightline has struck a restructuring agreement that will infuse the private high-speed passenger train service with $490 million in new capital while also lowering its debt. Assured Guaranty said on Friday that the financing commitments include $350 million of new junior debt and $140 million of additional senior debt. Assured said that Brightline Trains...
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