secwatch.observer — SEC 8-K summary
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Issuer:     BrightView Holdings, Inc. (BV)
CIK:        0001734713
Form:       8-K
Filed at:   2022-04-25T23:59:59+00:00
Accession:  0001104659-22-049233
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BrightView refinances debt with $1.2B term loan and $300M revolver, maturities extended to 2027/2029
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1734713/000110465922049233/0001104659-22-049233-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1734713/000110465922049233/tm2212952d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-049233

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