Brightline West's $400 Million Equity Deadline Falls Due
DELAYED8 months late64% CONFIDENCEThe Bond Buyer[1]: the bondholder deal 'pushes back a Sept. 10 deadline to secure $400 million of equity to Nov. 2', which 'is also the mandatory tender deadline for the bonds'.
Brightline West must raise $400 million of equity by 2 November under its fifth amended deal with bondholders, the same day its $2.5 billion of bonds face a mandatory tender, while it waits on a $6 billion federal loan.
$400M
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