Southeast

The Fortress Investment Group-backed passenger railroad in Florida, Brightline Holdings LLC, is offering to buy back as much as $250 million of bonds from investors for 100 cents on the dollar, about 17% more than where some of the securities have been trading.

Toll collections on the Garcon Point Bridge have been suspended since mid-September because of Hurricane Sally, pitting the bond trustee against the state of Florida again.

The Louisiana State Bond Commission will refinance $424 million of variable-rate bonds; the deal isn't expected to include the termination of underwater swaps.

The Alabama Public School and College Authority will issue nearly $1.5 billion of bonds and most of the deal will be tax-exempt new money.

Bryant Miller Olive PA has practiced public finance and governmental law across the Sunshine State and the Southeast for five decades.

Disney in late September said it would lay off 28,000 employees at California's Disneyland and Florida's Walt Disney World resorts.

Florida is taking public comments about a toll road program that would add more than 300 miles of highway across broad swaths of the state.

The U.S. Supreme Court denied Indian River County, Florida's request for a writ of certiorari, leaving Brightline's bond financing intact.

Georgia's MEAG Power, Jacksonville, Florida, and its utility, JEA, received two-notch rating boosts from Moody’s after settling their federal lawsuit.

Bond restructurings are expected to save Virginia's public colleges and universities $300 million by deferring debt service payments for two years.