BV - BrightView to repurchase remaining shares from MSD Partners

BrightView Holdings (NYSE:BV) has entered into an agreement to repurchase the remaining 5.9M shares of BrightView common stock held by MSD Partners and affiliates at a purchase price of $12.33/share, representing a 6% discount from the closing price of BrightView common stock on March 11. The deal is in connection to the earlier announced repurchase of 5.9M shares from from MSD partners for $82.5M in Dec. 2021. The total purchase price for the shares will be ~$72.8M and will be funded from cash and cash equivalents on hand, as well as borrowings under the company's credit facilities. The deal is expected to be completed on April 4.

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BrightView to repurchase remaining shares from MSD Partners