BRIGHTVIEW HOLDINGS, INC. : Entering into a Material Definitive Agreement, Creating a Direct Financial Obligation or Obligation Under an Off-Balance Sheet Registrant Arrangement, Financial Statements and Exhibits (Form 8-K)
Item 1.01. Conclusion of a significant definitive agreement.
and the second amendment, dated
Pursuant to the Amendment Agreement, the Debt Financing Agreement has been amended (as amended, the “Amended Debt Financing Agreement”) to, among other things: (i) increase the ability to loan thereunder from
Loans borrowed under the amended receivables financing agreement, at the option of the borrower, bear interest at the annual rate of (i) a guaranteed overnight financing rate; (ii) a guaranteed overnight funding rate calculated daily without compounding; (iii) a base rate or (iv) a one-month guaranteed overnight rate, determined daily.
The Agents, some of the Lenders and some of their respective affiliates have provided and may in the future provide financial, banking and related services to the Company. These parties have received, and may receive in the future, compensation from the Company for these services.
The foregoing description of the Amending Agreement and Amended Receivables Financing Agreement is qualified in its entirety by reference to the full text of the Amending Agreement and Amended Receivables Financing Agreement, which are filed as Exhibit 10.1 to this current report on Form 8-K. and are incorporated herein by reference.
Item 2.03. Creation of a direct financial obligation or an obligation under a
Off-Balance Sheet Arrangement of a Registrant
The information set out in Section 1.01 is incorporated by reference into this Section 2.03.
Item 9.01. Financial statements and supporting documents.
(d) Exhibits. The following documents are filed herewith:
Exhibit Number Description 10.1 Third Amendment to the Receivables Financing Agreement, including Exhibit A thereto, a marked version of the Receivables Financing Agreement, dated as of
June 22, 2022, by and among BrightView Funding LLC, as borrower, BrightView Landscapes LLC, as initial servicer and PNC Bank, National Association, as lender, letter of credit bank, letter of credit participant and administrative agent. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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