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BrightView Holdings ( (BV) ) has provided an update.
On January 29, 2025, BrightView Holdings announced that it has successfully repriced its $738 million senior secured term loan, reducing the interest rate to Term SOFR plus 2.00% from the previous Term SOFR plus 2.50%. This move, along with a previous repricing in May 2024, is expected to result in annual cash interest savings of approximately $7.5 million and $35 million through maturity. This strategic financial maneuver is part of BrightView’s commitment to managing its balance sheet effectively and promoting profitable growth.
More about BrightView Holdings
BrightView Holdings, Inc. is the nation’s largest commercial landscaper, providing landscape design, creation, and maintenance services, as well as snow and ice removal. The company serves various sectors across the United States, including business parks, corporate offices, healthcare facilities, educational institutions, and sports venues, and acts as the Official Field Consultant to Major League Baseball.
YTD Price Performance: -2.02%
Average Trading Volume: 468,614
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.48B
See more data about BV stock on TipRanks’ Stock Analysis page.
