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BrightView Holdings (BV) has provided an update.
BrightView Holdings, Inc. and its subsidiary have secured an amendment to their credit agreement, resulting in a reduction of interest rates on their $738 million term loans. This change simplifies the interest structure, eliminating leverage-based adjustments and setting a fixed margin for both base rate and Term SOFR loans. The adjustment is expected to benefit the company financially, and the involved parties, including a significant shareholder’s affiliate, have received and may continue to receive compensation for services related to the credit agreement.
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