other material
confidence high
sentiment neutral
materiality 0.40
Savers Value Village launches secondary offering of 15M shares and $10M concurrent buyback
Savers Value Village, Inc.
- Secondary offering of 15,000,000 shares by Ares Private Equity and Opportunistic Credit funds; 30-day option for 2,250,000 additional shares.
- Company will repurchase $10.0M of offered shares at the same price underwriters pay Selling Stockholders, funded from cash on hand.
- Selling Stockholders receive all net proceeds; Company receives none from the offering.
- Joint book-runners: J.P. Morgan, Goldman Sachs, Jefferies, and UBS Securities LLC.
- Repurchase is separate from existing share repurchase program; underwriters receive no compensation on repurchased shares.