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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.
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