BrightView Holdings (BV) said late Wednesday it repriced its $738 million senior secured term loan due 2029, reducing the applicable interest rate to 2% on top of the term secured overnight financing rate, or SOFR, from the previous rate of term SOFR plus 2.5%.

The repricing is expected to result in interest expense savings of $7.5 million annually and about $35 million through maturity, the company said.