Trending...
- Omnitronics launches Ecosystem Health Dashboard to enable proactive monitoring across dispatch environments
- Tacoma: Applications Now Being Accepted for three Positions on the Urban Design Board
- Independent West Texas Metal Multi-Instrumentalist & Producer. "MAD CHAD™" Russell Surpasses 1.9 Million Project Interactions Via DFGS Productions
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
- Spokane: Incorrect Info Regarding Downgraded Evacuation Status on Popular App
- FDA Clears Major Regulatory Hurdle as Preservative-Free Ketamine Program Moves Within Reach of Commercialization: NRx Pharmaceuticals: (NAS DAQ: NRXP)
- Autonomous Robotics Platform Expansion as Public Market Debut is Very Close: MBody AI Corp. (N A S D A Q: MBAI)
- Tacoma Voters Approve Connect Tacoma: Safe Streets and Sidewalks Levy (Proposition 1)
- Loud! OOH calls for prize draw advertising standards as £1.3bn category moves outdoors
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
- Silicon Box Ships 500M Units at High Yield, Expands Production Capacity for Panel-Level Packaging
- Statement from Tacoma Mayor Anders Ibsen on Spokane Wildfires
- Why Baton Rouge's Humid Climate Can Contribute to Carpenter Ant Damage — J&J Exterminating Explains How to Protect Your Home
- RPR Promotes Emily Line to Chief Strategy Officer and Janine Sieja to Chief Product Officer
- Expanding Beyond Space as New Drone Market Opportunities Accelerate Growth: Ascent Solar Technologies (N A S D A Q: ASTI)
- Lauren Merrell, Dale Sorensen Real Estate, announces price improvement for an extraordinary island retreat
- Spokane: Construction Impacts for Freya Street Corridor
- Spokane: City Service Adjustments During Fire Response
- Qustone Launches Human-Centered Professional Network
- Portalz Publishes FES World First Architecture Introducing a New Cryptographic Platform
- ExtraCarry Sponsors Threat Response's Defensive Tactics Camp for Third Consecutive Year
- ExtraCarry Sponsors the World Revolver Championship
- Tacoma City Council Funds Pilot with St. Leo Food Connection to Expand Food Access at Tacoma Public Library
- Tacoma: Applications Now Being Accepted for three Positions on the Urban Design Board
- Spokane: Wildfire and Insurance Informational Session
- Premier Expands Presence with New Bellevue Flexible Workspace Location
- Haven Treatment Center In-Network with MODA Health, Expanding Access to Behavioral Health
- Cellofest Brings Free Cello Concerts and Community Events to Bethany Beach August 5–16
- Blue Sky Capital Strategies, LLC awarded Leasing and Financial Services agreement with Premier Inc
- Michael M. Thomas Expands Executive Leadership Across Central India Outreach and Royal Trinity School