other material
confidence high
sentiment neutral
materiality 0.65
Savers Value Village announces secondary offering of 15M shares by Ares and CEO; concurrent $20M buyback
Savers Value Village, Inc.
- Secondary offering of 15,000,000 shares by Ares-managed funds and CEO; underwriters have 30-day option for up to 2,250,000 additional shares.
- Company will repurchase up to $20.0 million of shares at the offering price from underwriters, funded from existing cash.
- Company is not selling any shares; all net proceeds go to the selling stockholders.
- J.P. Morgan, Jefferies, Goldman Sachs & Co. LLC, and UBS Investment Bank are joint book-running managers.