Brightline Florida Plans $400 Million Bond Sale for Rail Line

Brightline Trains Florida, the junk-rated private passenger railroad connecting Miami and Orlando, plans to issue as much as $400 million of tax-exempt bonds to finance capital projects and an expansion to Tampa.

Brightline is seeking preliminary approval to proceed with a hearing that would give the public an opportunity to comment on the rail company’s request for so-called private-activity bonds, according to a memo to the Florida Development Finance Corp.