Distressed hedge funds buy $190m of Brightline debt from Nuveen
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Distressed hedge funds buy $190m of Brightline debt from Nuveen

hedgeweek
5 hours ago
12 views
Distressed-debt hedge funds Diameter Capital Partners, Redwood Capital and FourSixThree Capital have acquired about $190m of municipal bonds issued by bankrupt Florida rail operator Brightline, according to a report by Bloomberg citing unnamed people familiar with the transaction.The three hedge funds bought the bonds from Nuveen this week after the asset manager offered its entire position in Brightline's senior unsecured municipal debt for sale just days after the railroad filed for Chapter 11...

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