Brightline’s Hedge Fund Bondholders Ready Restructuring of Debt

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...

By Eliza Ronalds-Hannon, Reshmi Basu · Bloomberg Markets

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.