Brightline Weighs Bankruptcy Loans After Missing Buyer Deadline Last Month

1 articles · Updated · Bloomberg · Jun 2

Brightline is evaluating bankruptcy-financing proposals from its largest creditors after the Florida passenger railroad failed to attract a buyer by a self-set bidding deadline last month.
Competing groups of municipal and corporate bondholders have offered loans designed to keep trains running while the company restructures in court.
Those debtor-in-possession loans could also position the winning lenders to take ownership of Brightline through the bankruptcy process.

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