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BrightView announces 11.6M share offering of common stock for holders

BrightView (BV) announced the pricing of an underwritten secondary offering by a selling stockholder affiliated with KKR & Co. (KKR) of 11.6M shares of common stock of BrightView pursuant to a registration statement filed by BrightView with the U.S. SEC. No shares are being sold by BrightView. The Selling Stockholder will receive all of the proceeds from this offering. The offering is expected to close on June 6, 2025, subject to customary closing conditions. The size of the offering reflects an increase from the 10M shares of common stock originally proposed to be sold. KKR Capital Markets, Craig-Hallum, BTIG, Morgan Stanley and Loop Capital Markets are acting as the active joint book-running managers for the offering. Baird, William Blair and CJS Securities are acting as the passive bookrunners for the offering. Oppenheimer & Co., MFR Securities, Inc., Penserra Securities LLC, American Veterans Group, PBC, Quoin Capital LLC, Telsey Advisory Group, Cabrera Capital Markets LLC, Bancroft Capital and Siebert Williams Shank are acting as the co-managers for the offering.

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