BrightView Holding in Plymouth Meeting announces launch of its initial public offering

Today BrightView Holdings Inc.(NYSE: BV), announced the acquisition of commercial landscaping services company Pro Scapes Inc.(MONTCO.Today file photo).

BrightView Holdings, Inc. (“BrightView”) today announced the launch of its initial public offering of 21,300,000 shares of its common stock. The initial public offering price is expected to be between $22 and $25 per share. BrightView expects to grant the underwriters a 30-day option to purchase up to an additional 3,195,000 shares of its common stock.

BrightView’s common stock has been approved for listing on the New York Stock Exchange under the symbol “BV.”

BrightView intends to use the net proceeds from the offering to repay borrowings outstanding under its second lien term loan facility and its revolving credit facility and, to the extent there are any remaining proceeds, to repay borrowings outstanding under its first lien term loan facility, accoriding to PR Newswire.

[uam_ad id=”54865″]

Goldman Sachs & Co. LLC, J.P. Morgan, KKR Capital Markets and UBS Investment Bank are acting as joint bookrunning managers for the proposed offering, and Baird, Credit Suisse, Macquarie Capital, Jefferies, Mizuho Securities, Morgan Stanley and RBC Capital Markets are also acting as bookrunners for the proposed offering. Nomura, Stifel, William Blair, Moelis & Company and SMBC Nikko are acting as co-managers for the proposed offering.

A registration statement, including a prospectus that is preliminary and subject to completion relating to these securities, has been filed with the U.S. Securities and Exchange Commission (SEC), but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time that the registration statement becomes effective, and, even then, the securities may only be sold pursuant to the registration statement and final prospectus. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About BrightView

BrightView is the largest provider of commercial landscaping services in the United States. Through its team of approximately 19,000 employees, BrightView provides services ranging from landscape maintenance and enhancements to tree care and landscape development for thousands of customers’ properties, including corporate and commercial properties, HOAs, public parks, hotels and resorts, hospitals and other healthcare facilities, educational institutions, restaurants and retail, and golf courses, among others.

Forward Looking Statements

This press release includes certain disclosures which contain “forward-looking statements.” You can identify forward-looking statements because they contain words such as “believes” and “expects.” Forward-looking statements are based on BrightView’s current expectations and assumptions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements, which are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in BrightView’s filings with the SEC, including its registration statement on Form S-1, as amended from time to time, under the caption “Risk Factors.” Any forward-looking statement in this release speaks only as of the date of this release. BrightView undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.

To read the complete story click here.

[uam_ad id=”54875″]

Stay Connected, Stay Informed

Subscribe for great stories in your community!

"*" indicates required fields

This field is for validation purposes and should be left unchanged.