Disney by Mark

If you are planning a Disney Vacation, you have to contact Mouseketrips and find out how they can help you have a much better trip for less money.

Find Out More

Brightline Reportedly Preparing to File for Bankruptcy This Week, Won’t Affect Train Operations

Brightline Reportedly Preparing to File for Bankruptcy This Week, Won't Affect Train Operations

Brightline is reportedly preparing to file for Chapter 11 bankruptcy as soon as this week. However, train operations aren’t being affected.

Brightline Bankruptcy

According to Bloomberg’s source, the Florida railroad hopes to restructure its $1.1 billion of corporate debt, which ranks below senior municipal bonds in its capital structure. The company’s total debt is about $5.5 billion.

The bankruptcy would exclude Brightline’s operating unit, allowing trains to continue running and avoiding the appointment of a federal trustee.

Last month, Brightline reached a restructuring support agreement with Assured Guaranty for at least $350 million in loans.

Brightline is now finalizing a financing agreement with municipal bondholders including First Eagle Investment Management and Nuveen.

For the latest Disney Parks news and info, follow WDW News Today on Twitter, Facebook, and Instagram.

The post Brightline Reportedly Preparing to File for Bankruptcy This Week, Won’t Affect Train Operations appeared first on WDW News Today.

Important Disney Dates Simplified – Get a list of all of your important dates for your upcoming Disney vacation so you don’t miss a thing.