Bond issue for All Aboard Florida still pending


Fortress is the controlling shareholder of Coral Gables-based Florida East Coast Industries, which is developing the All Aboard Florida service. (Source: The Real Deal)

From The Real Deal: Fortress Investment Group, the company behind a planned passenger rail service from Miami to Orlando, is still seeking investors for a $1.75 billion tax-free bond issue that Florida officials approved two months ago.

Bank of America Merrill Lynch is leading underwriters who are trying to line up investors for the Florida bond offering to help finance the startup of the All Aboard passenger rail service, expected to begin in 2017. 

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1 comment to Bond issue for All Aboard Florida still pending

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