India, Sept. 25 -- Brightline is restructuring its debt in bankruptcy court after investing more than $5 billion in developing its privately held passenger railroad, while continuing to operate trains between Miami and Orlando.
The restructuring does not affect Brightline West, the company's separate project to build a high-speed rail line between Las Vegas and Southern California.
Under an agreement with creditors, Brightline will receive $490 million in additional financing, including $350 million in new junior debt and $140 million in senior debt. Brightline Trains Florida LLC, which operates the railroad, has not filed for Chapter 11, although other Brightline Florida entities have sought bankruptcy protection.
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