据Eliza Ronalds-Hannon报道，佛罗里达Brightline申请破产保护，因多年收入低于预期，导致这家私营铁路运营商无法偿还为融资项目而借入的数十亿美元债务。
By Eliza Ronalds-Hannon Florida’s Brightline filed for bankruptcy protection, after years of lower-than-expected revenue left the private railroad operator unable to repay the billions it borrowed to finance the project.
总部位于迈阿密的Brightline在新泽西州申请了第11章破产保护，在申请文件中列出的资产和负债均在10亿至100亿美元之间。
Miami-based Brightline filed for Chapter 11 bankruptcy protection in New Jersey, listing assets and liabilities of between $1 billion and $10 billion each in its petition.
这家由Fortress Investment Group支持的公司今年大半时间一直在拖欠利息支付并与债权人磋商，试图争取足够支持以重组其复杂的55亿美元债务架构。
The Fortress Investment Group-backed company has been skipping interest payments and huddling with creditors for much of the year, looking to garner enough support across various groups for a plan to restructure its complex $5.5 billion debt stack.
Brightline陷入破产虽然在近几个月被视为几乎不可避免，但这对亿万富翁、Fortress联合创始人Wes Edens是一个挫折，他在2012年构想了这条铁路，旨在打造变革性基础设施。
Brightline’s collapse into bankruptcy, while seen as virtually inevitable in recent months, is a setback for billionaire Fortress co-founder Wes Edens, who conceived of the railroad in 2012 with a vision of creating transformative infrastructure.
但即使他在推进内华达州和加利福尼亚州之间的类似项目，佛罗里达运营商多年来一直在缓慢走向资不抵债。
But even as he’s pushed ahead with a similar project between Nevada and California, the Florida operator has been on a slow-motion journey to insolvency for years. It’s a saga that has captivated the municipal-bond market, where Brightline borrowed heavily and where bankruptcies are few and far between.
这一事件吸引了市政债券市场的关注，Brightline在那里大量借贷，而破产案例极为罕见。
But even as he’s pushed ahead with a similar project between Nevada and California, the Florida operator has been on a slow-motion journey to insolvency for years. It’s a saga that has captivated the municipal-bond market, where Brightline borrowed heavily and where bankruptcies are few and far between.
当它在2019年利用市政债券市场融资15亿美元以资助向奥兰多的扩张时，公司仍处于亏损状态。
When it tapped the muni market in 2019 for $1.5 billion to help finance the expansion to Orlando, the company was still loss-making. Months after the 2023 launch of its long-distance service between Miami and the Orlando airport, Brightline began slashing ridership forecasts.
2023年迈阿密至奥兰多机场的长途服务推出几个月后，Brightline开始大幅下调客流预测。
When it tapped the muni market in 2019 for $1.5 billion to help finance the expansion to Orlando, the company was still loss-making. Months after the 2023 launch of its long-distance service between Miami and the Orlando airport, Brightline began slashing ridership forecasts.
2024年，当公司向华尔街寻求12亿美元垃圾债券融资时，为后来寻求通过自身重组计划夺取公司控制权的对冲基金打开了大门。
In 2024, when the company asked Wall Street for $1.2 billion in junk debt, it opened the door to hedge funds that later sought to seize control of the business through their own restructuring plan.
在新管理层的领导下，Brightline在最近几个月进行了最后努力尝试出售，同时应对相互竞争的债权人团体提出的破产贷款提案。
Brightline made last-ditch efforts at a sale process in recent months under a new slate of management while fielding bankruptcy-loan proposals from the dueling creditor groups.