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- Indexed articles, last 90 days
- 2
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- Sep 25, 2026
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- Aug 31, 2026
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Florida's Private Railroad, Brightline, Files for Bankruptcy (opens the original)
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Florida’s Brightline has filed for bankruptcy protection after years of lower-than-expected revenue left it unable to repay billions it borrowed to finance the Miami-to-Orlando private railroad. Brightline Holdings LLC and certain other parent entities filed for Chapter 11 on Thursday in New Jersey, listing assets and liabilities of between $1 billion and $10 billion in the petition. The filing excludes Brightline’s operating company, allowing it to continue running trains during the restructuri
Brightline Lands $350 Million Assured Loan in Case of Bankruptcy (opens the original)
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Brightline has reached a deal with municipal-bond insurer Assured Guaranty Ltd. that would provide the debt-laden Florida railroad with at least $350 million in new loans if it heads into Chapter 11 bankruptcy, according to people familiar with the matter. The move underscores a growing sense of urgency from Fortress Investment Group-backed Brightline to address its $5.5 billion of obligations. Its deeply distressed bonds have languished for months as municipal-debt firms and hedge funds that ho
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