Trending...
- Final Week to Register for Free Spokane Community Conference
- Author Robert A. Robinson Introduces Anarchy at the AYP:
- Spokane City Council Passes Community Safety Sales Tax
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
- BESTBUYSTORE opens its dropshipping model to independent merchants
- America's Hometown Thanksgiving Parade in Plymouth, MA, on Saturday, November 21, 2026
- Navigating a Changing Market: How AIX Group Is Responding to a Challenging Year
- 450 Million Revenue Run Rate, Global Telecom Reach and a New Digital Growth Opportunity Take Center Stage: IQSTEL, Inc. (N A S D A Q: IQST)
- Wave Helicopters Takes FLIBS 2026 to New Heights
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
- Attorney Jason M. Sullivan Quoted in The Telegraph on Trump's $10 Billion BBC Lawsuit
- Community Members and Stakeholders Invited to Help Shape a More Accessible Tacoma
- Sycamore Dove Releases "Loving Every Moment"
- Tacoma: Homicide Arrest – 1100 Commerce Street
- Hospital Direct Medical Equipment Company Seeing Growth in Used Refurbished Medical Equipment Sales
- Scoop Social Co. Brings Its Signature Mobile Dessert Experience to Nashville
- Soft & Sweet Unveils New Studio Location and Website for All-Natural Sugaring in Las Vegas
- Beyond Popularity Rankings, The World's No.1 Superstar® Wins Best Pop Music Video for "Under Your Spell"
- Spokane: SPD Seeks the Public's Assistance in Locating 94-year-old man
- Simpalm Staffing Launches Tax Preparer Staffing for U.S. CPA Firms
- ASSIST Software Wins Volkswagen Challenge for Automated Quality Inspection
- National Literacy and Workforce Readiness Crisis Sparks New Program Launching in Birmingham
- New England Consulting Partners Celebrates 25 Years of Turnaround Management Solutions
- RAS AP Consulting Releases Educational Resource to Help Organizations Prepare for IRS FIRE-to-IRIS Transition
- Roots, Rhythm & Joy Invites Neighbors to Find Community Through Music
- Tacoma: Homicide Investigation – 1100 Commerce Street
- Former Goddard Enterprises Managing Director Anthony Ali Joins STS Capital Partners as Managing Director and Partner
- Heritage at Manalapan Announces Limited-Time Mortgage Rate Buydown on Select Quick Move-In Homes
- Good Organics Now at Pop Up Grocer NYC With October 30 Sampling Event
- KeysCaribbean Announces Temporarily Reduced Rates At Village at Hawks Cay Villas