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

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

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 prospectus-ny@ny.email.gs.com;
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.

About BrightView

BrightView is the largest provider of commercial landscaping services in
the United States. Through its team of approximately 19,000 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.

Forward Looking Statements

This press release includes certain disclosures which contain
“forward-looking statements.” You can identify forward-looking
statements because they contain words such as “believes” and “expects.”
Forward-looking statements are based on BrightView’s current
expectations and assumptions. Because forward-looking statements relate
to the future, they are subject to inherent uncertainties, risks and
changes in circumstances that may differ materially from those
contemplated by the forward-looking statements, which are neither
statements of historical fact nor guarantees or assurances of future
performance. Important factors that could cause actual results to differ
materially from those in the forward-looking statements are set forth in
BrightView’s filings with the SEC, including its registration statement
on Form S-1, as amended from time to time, under the caption “Risk
Factors.” Any forward-looking statement in this release speaks only as
of the date of this release. BrightView undertakes no obligation to
publicly update or review any forward-looking statement, whether as a
result of new information, future developments or otherwise, except as
may be required by any applicable securities laws.

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