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

(RTTNews) - Assured Guaranty Inc., a subsidiary of Assured Guaranty Ltd. (AGO), a credit protection products provider, Friday said it has agreed to provide up to $248 million in financing as part of the financial restructuring of Brightline Florida Holdings LLC and its affiliates. Assured Guaranty said Brightline Trains Florida LLC, the obligor on senior bonds insured by the company, has not filed for Chapter 11 protection, and the bankruptcy filings of certain other Brightline Florida entities do not alter payment obligations on the insured bonds.