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Brightline Bondholders Grant Two-Week Extension on Debt Payment

Brightline Bondholders Grant Two-Week Extension on Debt Payment
Bloomberg Markets Tuesday 16 June 2026, 15:12 UTC By Martin Z Braun 1 min read
Key Points

Brightline Bondholders Grant Two-Week Extension on Debt Payment Brightline Trains Florida LLC, the struggling $6 billion private railroad between Miami and Orlando, struck a deal with holders of $985 million of municipal bonds to extend a debt payment due Monday through the end of the month, according to a securities filing. In addition, holders of the 12% coupon bonds — backed by future commuter-rail access rights payable to Brightline by three South Florida counties — waived a default for...

Brightline Bondholders Grant Two-Week Extension on Debt Payment Brightline Trains Florida LLC, the struggling $6 billion private railroad between Miami and Orlando, struck a deal with holders of $985 million of municipal bonds to extend a debt payment due Monday through the end of the month, according to a securities filing. In addition, holders of the 12% coupon bonds — backed by future commuter-rail access rights payable to Brightline by three South Florida counties — waived a default for a new $22.2 million borrowing by Brightline on May 21. The filing didn’t say who provided the loan, which was made without the consent of the commuter bondholders.
Brightline (ORG) Brightline Trains Florida LLC (ORG) Miami (LOCATION) Orlando (LOCATION) South Florida (LOCATION)
Originally published by Bloomberg Markets Read original →

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