Brightline Lands $350 Million Assured Loan in Case of Bankruptcy

Brightline has reached a deal with municipal-bond insurer Assured Guaranty Ltd. that would provide the debt-laden Florida railroad with at least $350 million in new loans if it heads into...

By Eliza Ronalds-Hannon, Martin Z. Braun and Reshmi Basu · Bloomberg Markets

Brightline has reached a deal with municipal-bond insurer Assured Guaranty Ltd. that would provide the debt-laden Florida railroad with at least $350 million in new loans if it heads into Chapter 11 bankruptcy, according to people familiar with the matter.