News (w/e 4/24/26)
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Brightline projected eight million riders for 2026. It is on pace for 3.6 million.
Brightline filed Chapter 11 on Thursday, cutting $5.5 billion of debt to $2.7 billion. The bond documents said 3.2 million riders would cover the debt. The railway is carrying 3.6 million and still ended up in court.
Blackstone bought Clarion for £600m in 2017. Informa is paying £2.24bn.
Informa is buying the events group from Blackstone after a shelved auction. The headline gain is 3.7 times, but the published figures do not show what Blackstone put in along the way.
The exit interview says pursuing new opportunities. The truth is shorter.
