Herbert Smith Freehills Kramer Advises Ad Hoc Group Of Bondholders In Exchange Offer Of $2.5b Brightline West Senior Subordinated Secured Revenue Bonds
Herbert Smith Freehills Kramer is a world-leading global law firm, where our ambition is to help you achieve your goals. Exceptional client service and the pursuit of excellence are at our core. We invest in and care about our client relationships, which is why so many are longstanding. We enjoy breaking new ground, as we have for over 170 years. As a fully integrated transatlantic and transpacific firm, we are where you need us to be. Our footprint is extensive and committed across the world’s largest markets, key financial centres and major growth hubs. At our best tackling complexity and navigating change, we work alongside you on demanding litigation, exacting regulatory work and complex public and private market transactions. We are recognised as leading in these areas. We are immersed in the sectors and challenges that impact you. We are recognised as standing apart in energy, infrastructure and resources. And we’re focused on areas of growth that affect every business across the world.
On behalf of an ad hoc group of bondholders, HSF Kramer negotiated the terms of a private exchange and follow-on public exchange of $2.5 billion of Series 2025A Bonds issued by Nevada and California conduit issuers in respect of DesertXpress Enterprises L
United States
On behalf of an ad hoc group of bondholders, HSF Kramer
negotiated the terms of a private exchange and follow-on public
exchange of $2.5 billion of Series 2025A Bonds issued by Nevada and
California conduit issuers in respect of DesertXpress Enterprises
LLC (DXE), which, along with certain affiliates, is developing a
privately-owned and operated 218-mile electric passenger rail
system, Brightline West, connecting Southern California and Las
Vegas, Nevada. The bond exchange was done in connection with a
mandatory tender deadline for the bonds while the company pursues
federal funding and additional investment in the project.
Herbert Smith Freehills Kramer is a world-leading global law firm, where our ambition is to help you achieve your goals. Exceptional client service and the pursuit of excellence are at our core. We invest in and care about our client relationships, which is why so many are longstanding. We enjoy breaking new ground, as we have for over 170 years. As a fully integrated transatlantic and transpacific firm, we are where you need us to be. Our footprint is extensive and committed across the world’s largest markets, key financial centres and major growth hubs. At our best tackling complexity and navigating change, we work alongside you on demanding litigation, exacting regulatory work and complex public and private market transactions. We are recognised as leading in these areas. We are immersed in the sectors and challenges that impact you. We are recognised as standing apart in energy, infrastructure and resources. And we’re focused on areas of growth that affect every business across the world.
