Savers Value Village Prices Upsized 22.29M Share IPO at $18/sh

This post was originally published on this site

https://i-invdn-com.investing.com/news/LYNXMPEA601E0_M.jpg

The Company intends to use the net primary proceeds of the offering, together with cash on the balance sheet, to repay indebtedness. The Company will not receive any proceeds from the sale of shares of common stock by the Ares Selling Stockholders.

J.P. Morgan, Jefferies, Goldman Sachs & Co. LLC and UBS Investment Bank are acting as lead book-running managers and as representatives of the underwriters for the proposed offering. Baird, CIBC Capital Markets, Guggenheim Securities and Piper Sandler are acting as book-running managers. B. Riley Securities, KKR Capital Markets LLC, Academy Securities, AmeriVet Securities, Ramirez & Co., Inc., Blaylock Van and Siebert Williams Shank are acting as co-managers for the proposed offering.

A registration statement relating to this offering was declared effective by the Securities and Exchange Commission on June 28, 2023. The offering of these securities is being made only by means of a prospectus, copies of which may be obtained by contacting J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (866) 803-9204 or by email at prospectuseq_fi@jpmorganchase.com; Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022, by telephone at (877) 821-7388 or by email at Prospectus_Department@Jefferies.com; Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, by telephone at (866) 471-2526, facsimile at (212) 902-9316 or by email at Prospectus-ny@ny.email.gs.com; and UBS Securities LLC, Attention: Prospectus Department, 1285 Avenue of the Americas, New York, NY 10019 or by email at ol-prospectus-request@ubs.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.