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All cases (23)Direct lending (6)Asset-based & specialty finance (3)Real estate debt (2)Infrastructure (2)Bridge financing (1)Fund finance (2)AI & tech (2)Structured credit (1)Consulting (1)Investment banking & equity research (3)

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Intercity passenger rail · restructuring new moneyAdvanced

Brightline Florida: new money

Brightline's Miami–Orlando railroad carries less than half the riders its 2024 bond forecast promised. Its parents are in Chapter 11 and the restructuring needs new first-lien money. Is a pari passu seat worth par?

InfrastructureMunicipal disclosure (EMMA)~720 min

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Infrastructure · availability-payment bridge P3Advanced

Ridgeline River Crossing

$780M senior debt for a bridge replacement P3 paid by a state through availability payments. Construction risk, appropriation risk, deductions and lifecycle costs, sized to a 1.30x minimum DSCR.

InfrastructureTeaching case~75 min

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