Assured Guaranty Municipal Insures $1.134 Billion of Bonds for the Brightline Florida Passenger Rail Project

NEW YORK--(BUSINESS WIRE)--Assured Guaranty Municipal Corp. (AGM)* insured $1.134 billion of senior revenue bonds, Brightline Trains Florida LLC Issue, Series 2024 (Tax-Exempt), issued by the Florida Development Finance Corporation on May 9. The bonds insured by AGM are part of a $2.219 billion issue of fixed-rate revenue bonds that priced on April 25. By insuring a majority of the senior bonds, Assured Guaranty’s participation helped drive a highly successful execution by Morgan Stanley in pla