BrightView’s $275 Million Amended Financing Agreement

Simpson Thacher represented BrightView Landscapes on the deal.

BrightView Landscapes announced its amendment to its receivables financing agreement that, among other things, increases the receivables facility limit to $275 million and extends the maturity date to 2025.

BrightView is the largest provider of commercial landscaping services in the United States. Through its team of approximately 20,000 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.

The Simpson Thacher team included Mike Vernace (Picture), Jule Walsh and Chandler Mores (Credit); and Michael Mann and Brian Mendick (Tax). Summer Associate Madison Santoli provided valuable assistance.

Involved fees earner: Michael Mann – Simpson Thacher & Bartlett; Brian Mendick – Simpson Thacher & Bartlett; Chandler Mores – Simpson Thacher & Bartlett; Michael Vernace – Simpson Thacher & Bartlett; Jule Walsh – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: BrightView Holdings Inc;

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Author: Youness Semri