Business1 min readAI

DEVELOPING: Brightline Dodges Bond Payment Deadline - For Now!

Brightline avoids immediate bond payment default. The private railroad secured a grace period. The deadline was February 17.

Bondholders granted a reprieve. Brightline now has until April 15. The interest payment is for commuter bonds.

The railroad runs between Miami and Orlando. It is backed by Fortress Investment Group.

Interest rates will increase during the grace period. Further details are expected.

This is a developing story.

AI-Assisted Journalism

Synthesized from multiple sources. Reviewed for accuracy.

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