Houston, 21 May 2024 – Global law firm Hogan Lovells advised Assured Guaranty Municipal Corp. on the insurance of a bond issuance for the Brightline Florida 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.
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