Trending...
- Spokane: Standoff With Domestic Violence Suspect Resolves Peacefully
- 2025 Top Lawyers - ELA Awards by Expert Law Attorneys
- Best Personal Injury Attorneys Of 2025 - ELA Awards
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
- Desert Mountain Club Earns Prestigious Blue Zones Approved™ Triple Designation, a New Standard for Well-Being in a Luxury Lifestyle Community
- Outsports announces record-breaking number of LGBTQ+ athletes at 2026 Milan Winter Olympics
- Sheffield Clinic Highlights Safe, Inclusive Laser Hair Removal While Improving Access
- Appliance EMT Partners with Kids Motel Ministry in Metro Atlanta
- CNCPW Divulga Dados de Liquidez do 1º Trimestre: Confirma 100% de Reservas e Atualiza Protocolos de "Saque CNCPW" Contra Fluxos Ilícitos
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
- WinkBeds High-Performance Hybrid Mattresses Debut at Sleep Basil Denver With In-Store Comfort Testing
- Tampa Nonprofit Expands Recovery Services for Men in Crisis With New Farm Program in Plant City
- Applications for 2026-2027 Tacoma Creates Funding Now Available
- Spokane Police Investigating Shooting In North Spokane That Left One Adult Injured
- IYKYK! Coffee Lab Thriving in Huntington Beach, Blending Elevated Coffee, Matcha, Music, and Community
- Accountants Near Me Cheyenne Opens U.S. Directory for Accountants, Bookkeepers and Tax Services
- Sacred Surrogacy, CFC, and Egghelpers Launch Women's Retreats
- From the 1950s to Today, Perfect Arrangement Uses Satire to Confront LGBTQ+ and Gender Norms
- Arkero Announces $6 Million Pre Seed Funding Round, Partnerships with major MLS, NWSL and EFL teams
- Stipenda Appoints David Epstein as Chief Operating Officer
- Woven Wire Mesh as a Durable Filter Medium for Industrial Filtration Systems
- FondoQuantaX Completes Core Trading Engine Upgrade: Refactoring High-Concurrency Architecture with AI Adaptive Algorithms to Navigate Market Extremes
- As Paris Hilton Reclaims Her Icon Status, "Pretty Pop Star" Reemerges to Battle the Age of AI Music
- Food Journal Magazine Is Shaping the Conversation Around Los Angeles Food in 2026
- MITSUYA PLATING Expands ONE-STOP Service for US-based Medical Device, Semiconductor and Aerospace Manufacturers
- Spokane Police Department Continues To Bolster The Neighborhood Resource Officer Program
- Voiset AI Planner Launches Smart Booking: Real Estate Agents, ADHD Coaches, Sales Teams End Calendar Chaos
- Max Tucci Makes His Highly-Anticipated Debut On QVC—unveiling A Bespoke Luxury Chocolate Collection Inspired By 100 Years Of Tucci Hospitality
- The Ms. Corporate America Maryland Competition Returns for an Unforgettable Evening of Leadership, Excellence, and Empowerment
- Tacoma: City Launches New Online Resource Hub to Support Immigrant and Refugee Community