Brightline Florida Mulls $100 Million Debt to Boost Liquidity
Summarize this article with:
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Brightline train in Miami.Brightline, the private rail line between Miami and Orlando, said it’s considering issuing $100 million in additional debt for operations and to pay potential legal claims, according to its latest ridership and revenue report.The first new US private railroad in 100 years posted a $71 million operating loss in the six months through June and is facing a lawsuit from a freight railroad which operates in the same corridor.