BrightView to draw on credit facility to buy stock from MSD Partners

Chicago, March 15 – BrightView Holdings Inc. will use credit facility borrowings and cash on hand to buy the remaining 5.9 million shares of its own stock from MSD Partners, according to a press release.

The company will pay $12.33 per share, a 6% discount for the official closing price on the New York Stock Exchange on March 11.

The transaction is expected to be completed on April 4.

BrightView is a Blue Bell, Pa.-based provider of landscape services.

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