debt
confidence high
sentiment neutral
materiality 0.55
BrightView refinances debt with $1.2B term loan and $300M revolver, maturities extended to 2027/2029
BrightView Holdings, Inc.
- Completed $1.2B Series B Term Loan maturing 2029 and $300M Revolving Credit Facility maturing 2027.
- Term loan proceeds used to repay existing term loans; no amounts drawn under revolver at closing.
- Term loan bears interest at SOFR + 3.25% or ABR + 2.25%, with potential 0.25% reduction if leverage ratio below 3.20x.
- Revolver margin ranges from SOFR + 2.00% to 2.50% based on first lien net leverage ratio.
- KKR Capital Markets LLC, affiliate of majority shareholder, provided services and received compensation.