Brightline Offers 4.75% Equity Stake to Lure Hedge Fund Holdouts
Brightline is offering a 4.75% equity stake and additional incentives to hedge fund holdouts to secure support for its Chapter 11 restructuring plan.
Brightline agreed to give creditors that own its corporate debt at least a 4.75% equity stake in its reorganized business, as well as other incentives, as part of a deal to get the holdouts to back its Chapter 11 restructuring plan.
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