Brightline Senior Bonds May Recover Just 44 Cents: CreditSights
Investors holding Brightline Florida’s $2.2 billion of senior bonds could get as little as 44 cents on the dollar in a bankruptcy or restructuring, according to CreditSights. Holders of lower...
By Martin Z Braun · Bloomberg Markets
Investors holding Brightline Florida’s $2.2 billion of senior bonds could get as little as 44 cents on the dollar in a bankruptcy or restructuring, according to CreditSights. Holders of lower ranked debt could be wiped out in a worst-case scenario.