BrightView Holdings Lowers Interest Rate on $738 Million Term Loan

BrightView Holdings

BLUE BELL, PABrightView Holdings, Inc. (NYSE: BV) announced it recently repriced its $738 million senior secured term loan, resulting in significant interest savings. The new terms reduce the applicable interest rate to Term SOFR plus 2.50%, down from the previous range of Term SOFR plus 3.00% to 3.25%. All other terms of the loan remain largely the same.

The company estimates this repricing will yield approximately $3.7 million in annual cash interest expense savings. This move aligns with BrightView’s strategy to optimize its balance sheet and drive value for shareholders.

“Managing the balance sheet is nothing new,” said Brett Urban, Chief Financial Officer of BrightView. “Where we have an opportunity to drive value, we will continue to execute and build on our commitment of profitable growth. Taking advantage of today’s market for term loan pricing is just the most recent example.”

BrightView Holdings, a prominent player in the commercial landscaping industry, continues to focus on financial strategies that support long-term growth and operational efficiency.

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