BrightView Announces Increase and Extension of Receivables Financing Facility
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BrightView Holdings, Inc. (BV)
Last brightview holdings, inc. earnings: 2/6 06:00 am
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US:NASDAQ Investor Relations:
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Source: Business Wire
BLUE BELL, Pa.--(BUSINESS WIRE)--BrightView Holdings, Inc. (NYSE: BV) (“Company”) today announced that its wholly-owned subsidiary, BrightView Funding LLC, has increased the overall size of its existing receivables financing agreement (the “Receivables Facility”) from $275 million to $325 million and extended its maturity date from June 2025 to June 2027. The Receivables Facility, a flexible source of debt and the Company’s least costly borrowing method, now includes an “accordion feature” that allows for an additional $100 million increase to the borrowing capacity. PNC Bank, National Association will continue to serve as administrative agent.The amendment to the Receivables Facility improves the leverage-based pricing tiers, reduces interest margin across all tiers, reduces the fee for unused capacity, and features an improved structure for better cash management and utilization. The new structure allows the Company to efficiently utilize its excess cash to pay down a portion of
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News
- BrightView to Participate in Upcoming CJS Securities Investor Conference [Yahoo! Finance]Yahoo! Finance
- BrightView to Participate in Upcoming CJS Securities Investor ConferenceBusiness Wire
- BrightView extends receivables financing facility [Seeking Alpha]Seeking Alpha
- BrightView Declares Cash Dividend Payment on Preferred StockBusiness Wire
- Has BrightView (BV) Outpaced Other Consumer Discretionary Stocks This Year? [Yahoo! Finance]Yahoo! Finance
BV
Earnings
- 5/1/24 - Beat
BV
Sec Filings
- 6/28/24 - Form 8-K
- 6/21/24 - Form S-3
- 6/3/24 - Form 4
- BV's page on the SEC website