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Brightline secures $490 million in new funding in restructuring deal as Florida ridership grows

Brightline secures $490 million in new funding in restructuring deal as Florida ridership grows
Photo: CBS4 Miami · view original

Florida's Brightline has reached a restructuring agreement that will infuse the private high-speed passenger train service with $490 million in new capital while also lowering its debt.Assured Guaranty said on Friday that the financing commitments include $350 million of new junior debt and $140 mil

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