Brightline Bondholders Owed $1 Billion Sign Bankruptcy Deal
Creditors owed $1 billion by the bankrupt railroad operator Brightline have agreed to a debt restructuring deal. The agreement was confirmed by a company lawyer during a court hearing.
Brightline persuaded creditors owed about $1 billion to back a deal to repair its balance sheet and won court approval for a new loan to keep the Florida passenger railroad running while in bankruptcy.
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