Savers Value Village Inc. Announces 15 Million Share Secondary Public Offering and $20 Million Concurrent Share Repurchase

Reuters
05-13
Savers Value Village Inc. Announces 15 Million Share Secondary Public Offering and $20 Million Concurrent Share Repurchase

Savers Value Village, Inc., the largest for-profit thrift operator in the U.S. and Canada, has announced the initiation of a secondary public offering of 15 million shares of common stock. These shares are being offered by certain funds and accounts managed by Ares Management LLC and the company's CEO. Additionally, the Ares Selling Stockholders have granted underwriters a 30-day option to purchase an extra 2.25 million shares. Concurrently, Savers Value Village has authorized a $20 million share repurchase from the underwriters, funded by its existing cash reserves. The company itself will not sell any shares or receive proceeds from this offering, which will be managed by J.P. Morgan, Jefferies, Goldman Sachs & Co. LLC, and UBS Investment Bank.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Savers Value Village Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950142-25-001344), on May 13, 2025, and is solely responsible for the information contained therein.

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