Savers Value Village, Inc. Announces Pricing of Upsized Secondary Public Offering of Common Stock and Concurrent Share Repurchase
Savers Value Village priced an upsized secondary public offering of 20,000,000 shares at $10.25 per share, offered by selling stockholders Ares Private Equity funds. The underwriters have a 30-day option to purchase an additional 3,000,000 shares. Concurrent with the offering, the company will repurchase $10 million of shares from the underwriters at the public offering price, funded from existing cash on hand. The company will not receive any proceeds from the sale of shares by the selling stockholders.
Key figures
- Offering Price
- 10.25
- Shares Offered
- 20000000
- Greenshoe shares
- 3000000
- Concurrent repurchase usd
- 10000000
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