Brightline Taps Reserve Account to Make Payment on Muni Debt

Brightline Trains Florida LLC — the struggling private rail line connecting Orlando to Miami — has dipped into its debt service reserve account to make an interest payment.

The funds were used for a payment that was due Jan. 1 on its series 2024 tax-exempt debt, according to a regulatory filing on Wednesday. The company didn’t immediately respond to a request for comment.