BrightView Holdings Files 8-K for Material Agreement

TL;DR

BV: Filed 8-K for a material definitive agreement. Details TBD.

AI Summary

On January 29, 2025, BrightView Holdings, Inc. filed an 8-K report detailing a material definitive agreement. The filing does not disclose specific details of the agreement, the counterparty, or any associated financial figures.

Why It Matters

This filing indicates a significant business transaction for BrightView Holdings, Inc., the details of which will be important for investors to understand its strategic direction and financial implications.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement, which could have significant implications, but the lack of specific details in this initial report introduces uncertainty.

Key Players & Entities

• BrightView Holdings, Inc. (company) — Registrant
• January 29, 2025 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common stock, $0.01 par value BV New York Stock Exchange
• $738 million — gregate outstanding principal amount of $738 million (the "Term Loans"). The Term Loans bear

Filing Documents

• tm254603d1_8k.htm (8-K) — 29KB
• tm254603d1_ex10-1.htm (EX-10.1) — 1481KB
• tm254603d1_ex99-1.htm (EX-99.1) — 9KB
• tm254603d1_ex99-1img001.jpg (GRAPHIC) — 5KB
• tm254603d1_ex99-1img002.jpg (GRAPHIC) — 2KB
• 0001104659-25-007236.txt ( ) — 2017KB
• bv-20250129.xsd (EX-101.SCH) — 3KB
• bv-20250129_lab.xml (EX-101.LAB) — 33KB
• bv-20250129_pre.xml (EX-101.PRE) — 22KB
• tm254603d1_8k_htm.xml (XML) — 3KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. BrightView Holdings, Inc. (the "Company"), its wholly-owned subsidiary, BrightView Landscapes, LLC (the "Credit Agreement Borrower"), the other credit parties party thereto, the lenders or other financial institutions or entities party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent and Collateral Agent (the "Agent"), entered into Amendment No. 9 to the Credit Agreement dated as of January 29, 2025 (the "Credit Agreement Amendment"), which amends the Credit Agreement, dated as of December 18, 2013, by and among the Company, the Credit Agreement Borrower and the lenders or other financial institutions or entities from time to time party thereto and the Agent (as previously amended, the "Existing Credit Agreement") to reduce the interest rate applicable to its currently outstanding term loans with a current aggregate outstanding principal amount of $738 million (the "Term Loans"). The Term Loans bear interest at either a base rate or Term SOFR at the election of the Credit Agreement Borrower, in each case, plus an applicable margin. The Credit Agreement Amendment, among other things, reduces the applicable margin from (i) 1.50% with respect to base rate loans and 2.50% with respect to Term SOFR loans to (ii) 1.00% with respect to base rate loans and 2.00% with respect to Term SOFR loans. The Agent, certain of the lenders and certain of their respective affiliates, have provided, and in the future may provide, financial, banking and related services to the Company. These parties have received, and in the future may receive, compensation from the Company for these services. Additionally, KKR Capital Markets LLC ("KCM"), an affiliate of one of the Company's significant shareholders, KKR BrightView Aggregator L.P., provided services to the Company related to the Credit Agreement Amendment for which KCM is entitled to receive compensation from the Company. KCM has provided, and in the future may provi

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. On January 29, 2025, the Company issued a press release describing the Credit Agreement Amendment. The press release is furnished hereto as Exhibit 99.1. This information is furnished pursuant to Item 7.01 of Form 8-K. The information in this Item 7.01 and in Exhibit 99.1 hereto shall not be treated as filed for purposes of the Securities Exchange Act of 1934, as amended. The furnishing of the information in Item 7.01 is not intended to, and does not constitute a representation that such furnishing is required by Regulation FD or that the information in this Item 7.01 is material information that is not otherwise publicly available.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. Exhibit Number Description 10.1 Amendment No. 9 to Credit Agreement, dated as of January 29, 2025, by and among BrightView Holdings, Inc. BrightView Landscapes, LLC, each of the other credit parties thereto, the lenders or other financial institutions or entities party thereto and JPMorgan Chase Bank, N.A. as Administrative Agent and Collateral Agent. 99.1 Press Release of BrightView Holdings, Inc., dated January 29, 2025. 104.1 Cover Page Interactive Data File (embedded within the Inline XBRL document).

Signatures

Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BrightView Holdings, Inc. Date: January 29, 2025 By: /s/ Jonathan M. Gottsegen Name: Jonathan M. Gottsegen Title: Executive Vice President, Chief Legal Officer and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR