Brightline Florida

Brightline Florida Passenger Rail System Expansion - Bond

Borrower(s)
Brightline Florida
Industry
Transport/Rail
Area of finance
Project & Infrastructure Finance
Region
North America
North America
Countries
United States

Deal Overview

Brightline Holdings has closed on a $770 million unrated tax-exempt bond issue to fund completion of the commuter sections of its Florida passenger rail project. The bonds, for which Morgan Stanley was sole underwriter, are reported to have sold at 98% of par and with a 7.25% coupon. Brightline is a...

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Deal Volume
$770m
Financial Close
19/08/2022
Dealmakers
Sources

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Tranches

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Project Deals

Brightline Florida Passenger Rail System Expansion
$4bn
Brownfield
Rail
North America
North America
United States