Savers Value Village Prices 20 Million Share Secondary Offering

Savers Value Village, Inc. priced a secondary offering of 20 million shares of common stock at $10.25 per share. The shares are being sold by specific Ares Private Equity and Opportunistic Credit funds and accounts, with the selling stockholders receiving all net proceeds from the transaction.

Underwriters for the offering hold a 30-day option to purchase an additional 3 million shares. Concurrently, Savers Value Village will use existing cash on hand to purchase $10 million worth of shares from the underwriters.

J.P. Morgan, Goldman Sachs & Co. LLC, Jefferies, and UBS Investment Bank are serving as joint lead book-running managers. The offering is expected to close on Thursday, subject to customary conditions.