Florida’s high-speed rail system, Brightline, is tapping the US high-yield market with a $1.25 billion providing on Monday.

The Fortress Funding Group-backed railroad is promoting six-year senior secured notes callable after three years, based on individuals with information of the matter. The bonds — that are anticipated to cost subsequent week — are a part of the rail line’s plans to refinance its roughly $4 billion debt load.

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