AMERICAS DISTRESS DAILY: Florida Brightline Plans Debt Roll-Over

Brightline Train’s Florida, the struggling private passenger railroad that runs from Miami to Orlando, is offering investors about a 15% tax-exempt yield to roll over $985 million of bonds.

• Buyers would get a 10% coupon and a premium on the next roll over date in June 2026, according to people familiar with the matter who asked not to be identified discussing private negotiations. The bonds are expected to price on Monday. The existing debt pays an 8.25% coupon.

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