Savers Value Village Announces Secondary Public Offering Of 15M Shares, With Additional 2.25M Option

Author: Benzinga Newsdesk | May 13, 2025 08:51am

Savers Value Village, Inc. (the "Company") (NYSE:SVV), the largest for-profit thrift operator in the United States ("U.S.") and Canada for value priced pre-owned clothing, accessories and household goods, today announced the commencement of a proposed secondary public offering (the "Offering") of 15,000,000 shares of its common stock offered by certain funds, investment vehicles or accounts managed or advised by Ares Management LLC or its affiliates (the "Ares Selling Stockholders") and the chief executive officer of the Company (the "Management Selling Stockholder" and, together with the Ares Selling Stockholders, the "Selling Stockholders"). As part of the Offering, the Ares Selling Stockholders also intend to grant the underwriters a 30-day option to purchase up to an additional 2,250,000 shares of common stock at the public offering price, less the underwriting discount.

In addition, the Company has authorized the concurrent purchase from the underwriters of $20.0 million of the shares of common stock as part of the Offering, at a price per share equal to the price per share to be paid by the underwriters to the Selling Stockholders (the "Concurrent Share Repurchase"). The Company intends to fund the Concurrent Share Repurchase from its existing cash on hand and it is not part of its existing share repurchase program authorized on November 9, 2023. The underwriters will not receive any compensation for the shares being repurchased by the Company.

Posted In: SVV