BrightView Announces Launch of its Initial Public Offering

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.

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.

The offering of these securities will be made only by means of a prospectus. Copies of the preliminary prospectus may be obtained from Goldman Sachs & Co. LLC, Prospectus Department at 200 West Street, New York, NY 10282 or by telephone at 866-471-2526 or by facsimile at 212-902-9316, or by email at [email protected]; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at 866-803-9204.