Florida-based rail operator Brightline is exploring a range of restructuring and refinancing options to avoid a potential bankruptcy, as the Fortress Investment Group-backed business grapples with a $5.5bn debt burden and weaker-than-expected operating performance, according to a report by Bloomberg.
The report cites unnamed people familiar with the situation as saying that the company has restarted efforts to attract third-party capital and is also in discussions with existing creditors as it a...
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