secwatch.observer — SEC 8-K summary
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Issuer:     Savers Value Village, Inc. (SVV)
CIK:        0001883313
Form:       8-K
Filed at:   2025-09-19T23:59:59+00:00
Accession:  0001883313-25-000092
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Savers Value Village enters $930M credit facilities, redeems $401M notes at 104.875%
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- New $750M term loan (matures 2032) and $180M revolver (matures 2030) replace prior debt.
- Proceeds used to repay existing credit agreement and redeem $401M of 9.750% Senior Secured Notes due 2028 at 104.875% of principal.
- Term loan bears variable rate plus margin of 2.00% or 3.00%; revolver margin ranges 1.50%-3.00%.
- Revolving credit facility subject to financial maintenance covenant tested quarterly if usage exceeds 40% of committed amount.
- Incremental facility available up to $313.3M plus EBITDA multiple subject to leverage ratio conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1883313/000188331325000092/0001883313-25-000092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1883313/000188331325000092/svv-20250918.htm
  HTML page:      https://secwatch.observer/filing/0001883313-25-000092

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