Short answer
BrightView Holdings, Inc. (BV) filed an 8-K current report with the SEC on May 5, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement), Item 2.02 (Results of Operations and Financial Condition), Item EX-99.1 (Exhibit EX-99.1). Revolving credit facility maturity extended to April 22, 2031, improving refinancing runway.
BrightView Holdings, Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- Revolving credit facility maturity extended to April 22, 2031, improving refinancing runway
- Revolving Loan maturity accelerates 91 days before qualifying term-loan maturities of $100 million or more
- Initial pricing: 1.750% Term Benchmark margin, 0.75% ABR/RFR margin, and 1.75% letter-of-credit fee
- Pricing may increase 0.25% or 0.50% based on first-lien net leverage ratio
- No Revolving Credit Loans outstanding at amendment closing, limiting immediate debt-cost impact
Item 2.02 · Results of Operations and Financial Condition
- Q2 fiscal 2026 results for quarter ended March 31, 2026
- Press release furnished as Exhibit 99.1 with financial results and management commentary
Item EX-99.1 · Exhibit EX-99.1
- Q2 revenue rose 6.1% to $702.9M, led by snow removal growth of 28.5% and land maintenance growth of 4.0%
- Adjusted EBITDA reached a record $79.1M, with margin expanding 20 basis points to 11.3%
- FY26 revenue guidance increased to $2.745–$2.795B, while Adjusted EBITDA guidance remained $363–$377M
- Development Services weakened, with revenue down 13.0% and Adjusted EBITDA margin falling to 6.4%
- Liquidity risk increased: net debt reached $900.1M, leverage 2.5x, and six-month Adjusted Free Cash Flow was negative $24.5M
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