BrightView to prepay credit facility debt via convertible preferreds

By Mary-Katherine Stinson

Lexington, Ky., Aug. 28 – BrightView Holdings, Inc. will prepay the outstanding principal amount under its credit agreement dated Dec. 18, 2013 using 90% of the proceeds from a private placement of the company’s series A convertible preferred stock, according to an 8-K filing with the Securities and Exchange Commission.

The prepayment will be made within 15 days of closing.

JPMorgan Chase Bank, NA is the administrative agent and collateral agent for the credit agreement.

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

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