Brightline Receives Two-Month Reprieve on Commuter Bond Payment

Bondholders granted Brightline, which runs a 235-mile private railroad between Miami and Orlando, a roughly two-month “grace period” on an interest payment due on its commuter bonds on Feb. 17.

The Fortress Investment Group-backed railroad will be penalized with a 2% step-up in the interest during that time, according to a filing on Tuesday. The grace period for the interest payment was extended to April 15.