Menu

Post image 1
Post image 2
Post image 3
1 / 3
0

Brightline West Bondholders Give Company More Time to Raise Cash

Bloomberg.com·Martin Z Braun·28 days ago
#IKa9SxKu
Reading 0:00
15s threshold

Investors holding $1.8 billion of bonds to finance Brightline West, a high-speed rail line between Southern California and Las Vegas, are asserting more control of the project after giving the railroad three more months to inject capital.

Bondholders agreed to extend a deadline for the Fortress Investment Group-backed company to contribute equity to Aug. 1, according to a securities filing dated Friday. The railroad missed an end of March deadline to raise $400 million in capital to continue construction.

Read More