Brightline Offers 4.75% Equity Stake to Lure Hedge Fund Holdouts
Brightline agreed to give creditors that own its corporate debt at least a 4.75% equity stake in its reorganized business, as well as other incentives, as part of a deal to get the holdouts to back its Chapter 11 restructuring plan.
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.