Savers Value Village Completes Secondary Offering

Paul, Weiss advised Savers Value Village, Inc., the largest for-profit thrift operator in the United States and Canada for value-priced pre-owned clothing, accessories and household goods, in an upsized secondary public offering of 23 million shares of Savers’ common stock. J.P. Morgan, Goldman Sachs & Co. LLC, Jefferies and UBS Investment Bank acted as joint lead bookrunners and underwriters for the offering. As part of the offering, Savers repurchased $10 million of shares of common stock from the underwriters.

The Paul, Weiss team was led by corporate partners Christodoulos Kaoutzanis and John Kennedy, and included corporate partners Kenneth Schneider, Michael Vogel and tax partner Scott Sontag.