Florida’s Brightline Skips Second Payment on Subordinate Munis

Brightline Trains Florida, the Fortress Investment Group-backed passenger railroad, skipped its second interest payment on $1.2 billion of subordinate municipal bonds.

By Soma Biswas, Martin Z Braun · Bloomberg Markets

Brightline Trains Florida, the Fortress Investment Group-backed passenger railroad, skipped its second interest payment on $1.2 billion of subordinate municipal bonds.