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Savers Value Village Announces Proposed Secondary Public Offering

Strategic Insights

— 2 min read

Savers Value Village, the largest for-profit thrift operator in the United States and Canada, has announced the commencement of a proposed secondary public offering. The offering will feature 15,000,000 shares of common stock offered by certain Ares Management LLC funds and the chief executive officer of Savers Value Village. The Ares Selling Stockholders also intend to grant the underwriters a 30-day option to purchase up to an additional 2,250,000 shares of common stock.

As part of the offering, Savers Value Village has authorized the concurrent purchase of $20.0 million of the shares of common stock at a price per share equal to the price per share to be paid by the underwriters to the Selling Stockholders. This concurrent purchase is not part of the Company's existing share repurchase program. The underwriters will not receive any compensation for the shares being repurchased by Savers Value Village. The proposed offering will be made only by means of a prospectus, which may be obtained by contacting the joint book-running managers and underwriters for the offering.

The forward-looking statements made by Savers Value Village speak only as of the date on which they are made. Factors or events that could cause the Company's actual results to differ may emerge from time to time, and it is not possible for Savers Value Village to predict all of them. The Company is not under any obligation (and specifically disclaims any such obligation) to update or alter these forward-looking statements, except as required by law.

Key Takeaways:

  • Savers Value Village announced the commencement of a proposed secondary public offering featuring 15,000,000 shares of common stock offered by certain Ares Management LLC funds and the chief executive officer of Savers Value Village.
  • The Ares Selling Stockholders also intend to grant the underwriters a 30-day option to purchase up to an additional 2,250,000 shares of common stock.
  • The offering will be made only by means of a prospectus, which may be obtained by contacting the joint book-running managers and underwriters for the offering.
  • The concurrent purchase of $20.0 million of the shares of common stock is not part of Savers Value Village's existing share repurchase program.
  • The underwriters will not receive any compensation for the shares being repurchased by Savers Value Village.
  • Savers Value Village's status as a "brick and mortar" only retailer poses risks associated with its lack of operations in the growing online retail marketplace.
  • The Company's ability to attract new, and retain existing customers, including by increasing acceptance of secondhand items among new and growing customer demographics, is a significant challenge.
  • Savers Value Village's failure to properly hire and to retain key personnel and other qualified personnel or to manage labor costs poses significant risks to the Company.
  • The Company's ability to maintain an effective system of internal controls and produce timely and accurate financial statements or comply with applicable regulations is a critical factor in its success.

Statistics:

  • 15,000,000 shares of common stock will be offered by the Ares Selling Stockholders and the chief executive officer of Savers Value Village.
  • The Ares Selling Stockholders also intend to grant the underwriters a 30-day option to purchase up to an additional 2,250,000 shares of common stock.
  • $20.0 million of the shares of common stock will be purchased concurrently by Savers Value Village at a price per share equal to the price per share to be paid by the underwriters to the Selling Stockholders.

Sources:

  • BusinessWire news release: Savers Value Village Commences Proposed Secondary Public Offering (May 13, 2025)
  • Savers Value Village press release: About the Savers(R) Value Village(R) family of thrift stores
  • Securities and Exchange Commission filings: Registration statement on Form S-3 relating to these securities
  • Prospectus supplement relating to the offering: Preliminary Prospectus Supplement relating to the offering

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