Takeaways
- Brightline Train’s Florida 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.
- Low ridership and lagging revenue projections have created financial hurdles for the rail project, causing S&P Global Ratings and Fitch Ratings to downgrade Brightline’s senior muni bonds.
Bloomberg Industries
By Martin Z Braun and Reshmi Basu
August 8, 2025