Brightline Trains Florida, backed by Fortress Investment Group, has now missed its second consecutive interest payment on $1.2 billion worth of subordinate municipal bonds. The missed payment signals potential credit stress for the Fortress-backed passenger railroad operator, raising concerns among bondholders about the company's ability to service its debt obligations.
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Rugman_Walking
· 01-17 22:49
Missed interest payments twice in a row? This railway company is doomed, and Fortress Group can't hold it anymore.
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GasGasGasBro
· 01-17 01:01
It's still the same story. Burning money through fundraising and not leveling the playing field is nothing new. The key is, how are bondholders feeling right now...
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PseudoIntellectual
· 01-16 21:39
Defaulted twice in a row? This railway business really isn't easy to run...
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NestedFox
· 01-16 21:37
No interest paid twice, Fortress's vision is really... quite unique.
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FlashLoanLord
· 01-16 21:34
Two consecutive missed interest payments, this railway project really seems to be unable to hold on anymore.
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SleepyValidator
· 01-16 21:33
Failed to pay interest twice in a row? This train is about to derail haha, Fortress can't save it either.
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AirdropHustler
· 01-16 21:29
Unable to pay interest twice in a row? This railway company is really going down, investors are taking a huge loss.
Brightline Trains Florida, backed by Fortress Investment Group, has now missed its second consecutive interest payment on $1.2 billion worth of subordinate municipal bonds. The missed payment signals potential credit stress for the Fortress-backed passenger railroad operator, raising concerns among bondholders about the company's ability to service its debt obligations.