Brightline, the privately held rail line that operates between Miami and Orlando Airport, has filed for Chapter 11 bankruptcy protection. The filing — which involves the line’s holding company, but not its Florida operating subsidiary — will not affect service along the 235-mile line, according to the company.

Nicolas Petrovic, CEO, said, “This is a financial restructuring that is not expected to impact operations.” He added, “It will give Brightline the balance sheet to match the growth we’re already seeing across the business.”

Existing investors, according to Brightline, have committed $490 million to fund the restructuring and increase liquidity. In addition, the company said it will continue to pursue growth initiatives, including the development of a station in Cocoa Beach and commuter access along its lines in the Miami, Fort Lauderdale and Palm Beach areas.

The bankruptcy filing does not include Brightline West, which would connect Las Vegas with San Bernardino County on the eastern edge of the Los Angeles metropolitan area.

Brightline launched Florida operations in 2018, connecting Miami to West Palm Beach, with service to Orlando beginning in 2023. The line makes the trip between downtown Miami and Orlando Airport in three and a  half hours. Ridership and revenue through August of this year were both up 14% year over year, according to the company,