Trending...
- ResC4EU Final Event at KOMPOZYT-EXPO 2026 – Building Resilient European Supply Chains
- CinderLabs Launches AI Agent Marketplace: Nine Pre-Built Agents for Regulated Industries
- Harvard Educated Board Certified Endodontist Joins Pearlfection Dentistry
BELLEVUE, Wash.--(BUSINESS WIRE)--Savers Value Village, Inc. (the "Company") today announced that its subsidiaries, Evergreen AcqCo 1LP (the "Issuer") and TVI, Inc. (the "Co-Issuer," and together with the Issuer, the "Issuers"), intend to offer $500.0 million in aggregate principal amount of senior secured notes due 2028 (the "Notes") in a private offering.
The net proceeds from the Notes offering, together with cash on their balance sheet, are expected to be used to: (i) permanently prepay a portion of the outstanding borrowings under the existing first lien term loan facility (the "First Lien Term Loan Facility"), (ii) pay a dividend to the Company's shareholders, (iii) pay one-time bonuses to certain of the Company's employees and (iv) pay certain related fees and expenses.
The Notes will not be registered under the Securities Act of 1933, as amended (the "Securities Act") or any state securities laws and may not be offered or sold in the United States except pursuant to an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. The Notes will be offered only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A and outside the United States to non-U.S. Persons under Regulation S under the Securities Act.
More on Washingtoner
This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor will there be any sale of the Notes in any state in which such offer, solicitation or sale would be unlawful.
Forward-Looking Statements
The above information includes "forward looking" statements about the Notes offering. Such statements only reflect the Issuers' best assessment at this time and are indicated by words or phrases such as "plans," "intends," "will" or similar words or phrases. These statements are subject to many risks, uncertainties and unknown future events that could cause actual results to differ materially. None of the Company or the Issuers are under any obligation to (and specifically disclaims any such obligation to) update or alter these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
About the Savers Value Village™ family of thrift stores
As the largest for-profit thrift operator in the United States and Canada for value priced pre-owned clothing, accessories and household goods, our mission is to champion reuse and inspire a future where secondhand is second nature. Learn more about the Savers family of thrift stores, our impact, and the #ThriftProud movement at savers.com.
Contacts
For inquiries regarding Savers:
Savers Value Village
Sara Gaugl
(425) 456-1706
sgaugl@savers.com
The net proceeds from the Notes offering, together with cash on their balance sheet, are expected to be used to: (i) permanently prepay a portion of the outstanding borrowings under the existing first lien term loan facility (the "First Lien Term Loan Facility"), (ii) pay a dividend to the Company's shareholders, (iii) pay one-time bonuses to certain of the Company's employees and (iv) pay certain related fees and expenses.
The Notes will not be registered under the Securities Act of 1933, as amended (the "Securities Act") or any state securities laws and may not be offered or sold in the United States except pursuant to an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. The Notes will be offered only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A and outside the United States to non-U.S. Persons under Regulation S under the Securities Act.
More on Washingtoner
- netElastic Announces vBNG And CGNAT 2.0 General Availability
- Intelligence Daily Features "Producer Kirk Shaw: 90 Seconds to Make You Care"
- Postmortem Pathology Highlights Private Autopsy Options for Las Vegas Families During Summer Months
- Postmortem Pathology Offers Sacramento Families Independent Answers on a Short Timeline
- Spokane: District 1 Council Members to Host Townhall
This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor will there be any sale of the Notes in any state in which such offer, solicitation or sale would be unlawful.
Forward-Looking Statements
The above information includes "forward looking" statements about the Notes offering. Such statements only reflect the Issuers' best assessment at this time and are indicated by words or phrases such as "plans," "intends," "will" or similar words or phrases. These statements are subject to many risks, uncertainties and unknown future events that could cause actual results to differ materially. None of the Company or the Issuers are under any obligation to (and specifically disclaims any such obligation to) update or alter these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
About the Savers Value Village™ family of thrift stores
As the largest for-profit thrift operator in the United States and Canada for value priced pre-owned clothing, accessories and household goods, our mission is to champion reuse and inspire a future where secondhand is second nature. Learn more about the Savers family of thrift stores, our impact, and the #ThriftProud movement at savers.com.
Contacts
For inquiries regarding Savers:
Savers Value Village
Sara Gaugl
(425) 456-1706
sgaugl@savers.com
0 Comments
Latest on Washingtoner
- Tacoma: Homicide Investigation Update
- Boston Industrial Solutions Launches New and Improved Siliart Website for Silicone Decorators
- Scoop Social Co. Brings Its Signature Mobile Dessert Experience to Phoenix
- Sky Quarry's Big Turning Point: CEO Marcus Laun Outlines the Next Phase for N A S D A Q: SKYQ
- Hunter Is Releasing New Music For The Holidays!
- Tixpool.com - Naija Premier Event Reseller
- Work 365 Expands Distributor Integrations with Companial for Microsoft Partners
- Guardian Data Opens 42,000-Square-Foot Moonachie Facility, Doubling New Jersey Capacity
- Spokane: Indigenous Peoples' Day Is Oct. 12
- SecureMaine 2026 is Here -- Thursday October 8th!
- Tacoma: Homicide Investigation – 800 Pacific Avenue
- HW Foundation Opens Nominations for Inaugural 50 Under 50 in AI; Deadline Oct. 16
- Pavillon 30 Years of Addiction Recovery in Western North Carolina, Earns National Accreditation
- Safer Spokane
- Spokane: Special Investigation Unit Seized Large Amounts of Cash and Cocaine
- Spokane: U.S. Conference of Mayors, American Beverage Foundation Visit Youth Wellness Zone
- Spokane: Disabled Smoke Alarm Contributes to Fatal Tiki Lodge Fire
- Spokane Police Investigate Fatal Fire With Fire Department
- Spokane: SPD and SFD Respond to Early Morning Fire in Downtown Apartments
- City To Simplify Services by Routing Non-Emergency Police, Fire Calls through Spokane 311