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Assured Guaranty Commits Up To $248 Mln To Brightline Florida Restructuring

Source: Nasdaq

M&A & RestructuringCredit & Bond MarketsTransportation & LogisticsCompany Fundamentals

Assured Guaranty subsidiary agreed to provide up to $248 million of financing for the financial restructuring of Brightline Florida Holdings and its affiliates. The commitment supports the restructuring of the Florida passenger-rail operator and is a modestly positive credit-protection financing development for Assured Guaranty.

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