Brightline’s Hedge Fund Bondholders Ready Restructuring of Debt
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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 1000A passenger boards a Brightline train in Aventura, Florida.Hedge funds with a stake in Brightline’s $1.1 billion of corporate debt are crafting a plan to elevate their claims over other similar creditors by offering new financing and concessions to the struggling high-speed rail project. A group of holders of Brightline’s corporate bonds due 2030 is proposing a debt deal that could see them extend more capital to the company and permit new equity investments from outside investors, according to people with knowledge of the discussions.