Report
Brightline creditors owed about $1 billion reportedly back restructuring deal
Bloomberg reports that a Brightline lawyer told a court creditors owed about $1 billion had agreed to back a balance-sheet restructuring deal. The outlet says Brightline also won approval for a new loan to keep its Florida passenger railroad running during bankruptcy.
TLDR
Bloomberg reports that a Brightline lawyer said at a September 29 court hearing that creditors owed about $1 billion had agreed to a balance-sheet restructuring deal. The outlet also reports that a court approved a new loan to keep the Florida passenger railroad running while Brightline is in bankruptcy.
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