Hogan Lovells advises Assured Guaranty Municipal on insurance of US$1.134 billion of bonds for Brightline Passenger Rail Project

Assured Guaranty Municipal Corp. insured US$1.134 billion of senior revenue bonds, Brightline Trains Florida LLC Issue, Series 2024 (Tax-Exempt), issued by the Florida Development Finance Corporation on 9 May. The bonds insured by AGM are part of a US$2.219 billion issue of fixed-rate revenue bonds as part of a debt-refinancing project.

Morgan Stanley served as sole book-running manager for the transaction.

The Houston-based Hogan Lovells team was led by partner Dave Locascio with key support from associate Mariana Avendano.