据熟悉此事的消息人士透露，困境债务对冲基金Diameter Capital Partners、Redwood Capital和FourSixThree Capital本周从Nuveen手中购买了约1.9亿美元的Brightline市政债券。
By Eliza Ronalds-Hannon and Hema Parmar Distressed-debt hedge funds Diameter Capital Partners, Redwood Capital and FourSixThree Capital bought about $190 million of Brightline’s municipal bonds from Nuveen this week, according to people familiar with the matter.
Nuveen在公司提交第11章破产申请仅数日后，于周一将其在这家破产的佛罗里达私人铁路公司的高级无担保市政债券的全部持仓出售。
Nuveen offered up its entire position in the bankrupt Florida private railroad’s senior uninsured municipal bonds on Monday, just days after the company’s Chapter 11 filing.
该交易以每美元45美分成交，经过所谓的“竞价欲求”流程（BWIC），并以全额或全不成交的方式完成，彭博此前报道。
The sale, which cleared at 45 cents on the dollar, went through a process known as bids-wanted-in-competition, or BWIC, and was done on an all-or-nothing basis, Bloomberg previously reported.
这些对冲基金认为该价格是低价报价，消息人士表示，他们不愿透露姓名，因为信息属私人。
The hedge funds considered the price to be a lowball offer, said the people, who asked not to be named because the information is private.
部分债券此前交易价约高出20美分，随后市场上对同一债务的竞价已超过50美分，其他熟悉情况的人士称。
Some of the bonds had previously traded about 20 cents higher, and there have since been bids in the market for the same debt at more than 50 cents, other people familiar said.
Diameter和FourSixThree的代表拒绝置评，而Redwood和Nuveen的代表未对置评请求作出回应。
Representatives for Diameter and FourSixThree declined to comment, while those for Redwood and Nuveen didn’t respond to requests for comment.
由于Nuveen的投资组合以在市政债券市场中罕见的速度和规模出售，持有约10亿美元Brightline债务的抵押持有人也已签署其重组支持协议。
Since Nuveen’s portfolio was put up for sale — at a speed and scale uncommon in the muni market — holdouts owning some $1 billion of Brightline debt have also signed off on its restructuring support agreement.
公司律师周二表示，现已获得约46亿美元债权人的支持，覆盖其55亿美元债务的约84%。
The company’s lawyer said on Tuesday it now has the backing of creditors holding about $4.6 billion of its $5.5 billion of debt.
作为破产计划的一部分，Brightline将从Assured及其他市政投资者处获得2.58亿美元的破产融资，并在退出第11章后获得另一笔4.9亿美元债务的承诺。
As part of the bankruptcy plan, Brightline will receive $258 million in bankruptcy financing from Assured and other muni investors, along with a commitment for another $490 million of debt after it exits Chapter 11.