Trending...
- Spokane: Save the Date - Memorial Sign Dedication
- Spokane City Council Passes One-Year Moratorium on Data Centers
- Spokane: Vehicle vs Bicycle Collision Sends 7-Year-Old to Hospital
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
- Disruptor Creations Pioneers New MicroAdventure Series with TravelSpike
- Spokane City Fire Marshal Issues Outdoor Recreational Fire Restriction
- eCopier Solutions Surpasses 3,000 Five-Star Google Reviews and Maintains Perfect Five-Star Rating
- Creative Investment Research Welcomes Supreme Court Decision Protecting Federal Reserve Independence While Calling for Continued Accountability
- Ascent Solar Technologies (N A S D A Q: ASTI): Positioned at the Intersection of the New Space Economy, Defense Innovation and Next-Generation Energy
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
- Destination Niagara Launches Game Changing Digital Magazine Redefining How Visitors Experience Niagara Falls
- San Diego's newest marketing firm is boring on purpose — it's working
- Arizona Christian Homeschools Launches Statewide Directory
- Sexually Abused in a Psychiatric Hospital or Psychiatrist's or Psychologist's Office? CCHR Urges Survivors to Reach Out to It
- Senco Home Services Expands Residential Construction Services
- Ricci's Painting & Contracting Expands Home Transformation Services
- Sylvester Anthony III Introduces His Artist Journey with Debut Single "Cherish"
- Tacoma: Applicants Sought for the Human Services Commission
- Boston Industrial Solutions Introduces High-Performance Primer for Bonding Liquid Silicone to Epoxy
- Healthcare Leaders Publish New Integrated Behavioral Healthcare Guide, Led by Doctors of Behavioral Health
- Verbica Challenges Panetta to a Televised Debate on the Issues
- Salt Lake City Families Turn to Private Autopsy Services for Faster Answers After Unexpected Loss
- SPD Seeking Assistance Regarding Motorcycle Collision in North Spokane
- K2 Integrity's U.S. and EMEA Teams Again Recognized in Chambers and Partners 2026 Guides
- Connecta Satellite Solutions Ready to Support Emergency Communications Following the Venezuela Earthquake
- NUSACC Supports Iraq Higher Education Roadshow to the United States
- Rare 1933 Harold Weston painting will be auctioned to benefit the Keene Valley Library
- $20 Million Revenue Target, Accelerating Growth, 7% Of Outstanding Shares Retired, Clear Path Toward Profitability: VSee Health, Inc N A S D A Q: VSEE
- HomeCentris Home Health Achieves 5-Star CMS Rating
- Adsoptia Launches AI-Powered Optimization Platform for a New Era of Autonomous Marketing Decisions