Savers Value to repay some term loan borrowings with notes proceeds

By Sara Rosenberg

New York, Jan. 23 – Savers Value Village Inc. plans to prepay a portion of the outstanding borrowings under its existing first-lien term loan using some of the proceeds from a $500 million senior secured notes offering, according to a news release.

Remaining proceeds from the notes will be used to pay a dividend to shareholders, pay one-time bonuses to certain of the company’s employees and pay related fees and expenses.

Savers is a Bellevue, Wash.-based thrift store chain.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.