BrightView Announces Successful Term Loan Repricing
30 1월 2025 - 6:15AM
Business Wire
BrightView Holdings, Inc. (NYSE: BV) today announced that it has
successfully completed a repricing of its $738,000,000 senior
secured term loan due 2029. The repricing reduces the applicable
interest rate on the Term Loan to Term SOFR plus 2.00%, down from
the previous Term SOFR plus 2.50%. All other terms remain
substantially unchanged. Coupled with the repricing from May 2024,
the Company estimates that repricing the Term Loan will produce
cash interest expense savings of approximately $7.5 million
annually and approximately $35 million through maturity.
“We repriced our term loan in May 2024 and, again, we executed a
repricing this week. Opportunistically managing the balance sheet
and continuing to push costs down creates flexibility and drives
our commitment to profitable growth,” said Brett Urban, BrightView
Chief Financial Officer.
About BrightView BrightView (NYSE: BV), the nation’s
largest commercial landscaper, proudly designs, creates, and
maintains the best landscapes on Earth and provides the most
efficient and comprehensive snow and ice removal services. With a
dependable service commitment, BrightView brings brilliant
landscapes to life at premier properties across the United States,
including business parks and corporate offices, homeowners'
associations, healthcare facilities, educational institutions,
retail centers, resorts and theme parks, municipalities, golf
courses, and sports venues. BrightView also serves as the Official
Field Consultant to Major League Baseball. Through industry-leading
best practices and sustainable solutions, BrightView is invested in
taking care of our team members, engaging our clients, inspiring
our communities, and preserving our planet. Visit
www.BrightView.com and connect with us on X (formerly known as
Twitter), Facebook, and LinkedIn.
Forward-Looking Statements This press release includes
certain disclosures which contain “forward-looking statements.” You
can identify forward-looking statements because they contain words
such as “believes,” “expects,” “may,” “will,” “should,” “seeks,”
“intends,” “plans,” “estimates,” or “anticipates,” and variations
of such words or similar expressions. Forward-looking statements
are based on BrightView’s current expectations and assumptions.
Because forward-looking statements relate to the future, they are
subject to inherent uncertainties, risks and changes in
circumstances that may differ materially from those contemplated by
the forward-looking statements, which are neither statements of
historical fact nor guarantees or assurances of future performance.
Important factors that could cause actual results to differ
materially from those in the forward-looking statements can be
found under the caption “Risk Factors” in BrightView’s annual
report on Form 10-K for the year ended September 30, 2024, as filed
with the SEC, as such risk factors may be updated from time to time
in its periodic filings with the SEC, which are accessible on the
SEC’s website on www.sec.gov. Any forward-looking statement in this
release speaks only as of the date of this release. BrightView
undertakes no obligation to publicly update or review any
forward-looking statement, whether as a result of new information,
future developments or otherwise, except as may be required by any
applicable securities laws.
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version on businesswire.com: https://www.businesswire.com/news/home/20250129630829/en/
Investors Chris Stoczko, Vice President of Finance
IR@brightview.com
News Media David Freireich, Vice President of
Communications & Public Affairs
David.Freireich@brightview.com
BrightView (NYSE:BV)
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부터 2월(2) 2025 으로 3월(3) 2025
BrightView (NYSE:BV)
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부터 3월(3) 2024 으로 3월(3) 2025