Brightline Train Offers 15% Yield to Roll Over $985M of Bonds
ByAinvest
Friday, Aug 8, 2025 6:24 pm ET1min read
SPXX--
Florida's Brightline Train, a private passenger railroad from Miami to Orlando, is offering investors a 15% tax-exempt yield to roll over $985 million of bonds. The deal requires 85% of current bondholders, led by Nuveen and First Eagle, to agree to changes in the security package. If Brightline fails to meet certain provisions, the tender date of the debt would be accelerated to Oct. 28 this year.
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