Brightline Florida Said to Work With Adviser on Troubled Railroad’s Debt Talks

Brightline Trains Florida LLC, the struggling private rail line connecting Orlando to Miami, is working with Perella Weinberg Partners on a potential debt restructuring and equity raise, according to people familiar with the matter.

The Fortress Investment Group-backed railroad is facing a liquidity crisis after falling far short of ridership and revenue goals made to holders when they issued $5.7 billion of debt back in 2024. An out-of-court restructuring often used as an alternative to bankruptcy, known as a distressed debt exchange, is likely within the next six months, S&P Global Ratings said earlier this month.