STOCK TITAN

Savers Value Village (SVV) amends Credit Agreement, cuts term loan rates

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Savers Value Village, Inc. subsidiaries Evergreen AcqCo GP LLC, S-Evergreen Holding Corp., Evergreen AcqCo 1 LP and Value Village Canada Inc. entered into an amendment to their existing Credit Agreement on June 2, 2026.

The amendment reduces the Applicable Rate on existing term loans to 2.50% for Term SOFR Loans and 1.50% for Base Rate Loans. These changes apply under the Credit Agreement originally dated September 18, 2025 with a lender group including Jefferies Finance LLC as administrative and collateral agent and PNC Bank, National Association, as revolving agent.

The company characterizes this as a material definitive agreement and also as the creation of a direct financial obligation for disclosure purposes.

Positive

  • None.

Negative

  • None.

Insights

Loan amendment lowers stated margins on Savers Value Village term debt.

Subsidiaries of Savers Value Village amended their Credit Agreement effective June 2, 2026, cutting the Applicable Rate to 2.50% on Term SOFR Loans and 1.50% on Base Rate Loans. This directly changes pricing on existing term loans.

Because the filing does not disclose loan amounts or covenants, the overall financial impact cannot be quantified from this excerpt alone. The amendment is disclosed as a material definitive agreement and a direct financial obligation, reflecting its importance within the company’s capital structure.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Applicable Rate - Term SOFR Loans 2.50% Rate on existing term loans after June 2, 2026 amendment
Applicable Rate - Base Rate Loans 1.50% Rate on existing term loans after June 2, 2026 amendment
Amendment effective date June 2, 2026 Date Borrowers entered into Credit Agreement amendment
Original Credit Agreement date September 18, 2025 Date of Existing Credit Agreement before amendment
Material Definitive Agreement regulatory
"Item 1.01 Entry into a Material Definitive Agreement."
A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.
Applicable Rate financial
"the Amendment reduces the Applicable Rate on the Borrowers’ existing term loans"
Term SOFR Loans financial
"to 2.50% for Term SOFR Loans (as defined in the Credit Agreement)"
Base Rate Loans financial
"and 1.50% for Base Rate Loans (as defined in the Credit Agreement)"
Credit Agreement financial
"the Borrowers’ Credit Agreement, dated as of September 18, 2025"
A credit agreement is a written loan contract between a borrower and a bank or other lender that lays out how much money can be borrowed, the interest rate, repayment schedule, fees, and the rules the borrower must follow. For investors, it matters because those terms affect a company’s cash costs, borrowing flexibility and risk of default — similar to how a mortgage’s rules determine a homeowner’s monthly budget and freedom to make changes.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________________
FORM 8-K
___________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): June 2, 2026
___________________________________
Savers Value Village, Inc.
(Exact name of Registrant as specified in its charter)
___________________________________

Delaware
(State or Other Jurisdiction of Incorporation)
001-41733
(Commission File Number)
83-4165683
(I.R.S. Employer Identification Number)
11400 S.E. 6th Street, Suite 125
Bellevue, WA 98004
(Address of principal executive offices, including zip code)
(425) 462-1515
(Registrant's telephone number, including area code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol
Name of each exchange on which registered
Common stock, par value $0.000001SVVThe New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 12b-2 of the Exchange Act.
Emerging growth company 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐




Item 1.01 Entry into a Material Definitive Agreement.
On June 2, 2026, Evergreen AcqCo GP LLC, S-Evergreen Holding Corp., Evergreen AcqCo 1 LP (the “US Borrower”), Value Village Canada Inc. (the “Canadian Borrower” and, together with the US Borrower, the “Borrowers”), each a subsidiary of Savers Value Village, Inc., and certain of their subsidiaries entered into an amendment (the “Amendment”) to the Borrowers’ Credit Agreement, dated as of September 18, 2025 (the “Existing Credit Agreement” and, as amended by the Amendment, the “Credit Agreement”), among the Borrowers, Evergreen AcqCo GP LLC, S-Evergreen Holding Corp., the lenders party thereto, Jefferies Finance LLC, as administrative agent and collateral agent, and PNC Bank, National Association, as revolving agent.
Among other things, the Amendment reduces the Applicable Rate (as defined in the Credit Agreement) on the Borrowers’ existing term loans to 2.50% for Term SOFR Loans (as defined in the Credit Agreement) and 1.50% for Base Rate Loans (as defined in the Credit Agreement).
The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
The information set forth in Item 1.01 is incorporated into this Item 2.03 by reference.




SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


SAVERS VALUE VILLAGE, INC.
Date:June 2, 2026By:/s/ Michael W. Maher
Name:Michael W. Maher
Title:Chief Financial Officer and Treasurer


FAQ

What did Savers Value Village (SVV) announce in this 8-K?

Savers Value Village reported that its subsidiaries entered into an amendment to their existing Credit Agreement. The change adjusts interest rates on existing term loans and is treated as a material definitive agreement and direct financial obligation for disclosure purposes.

How did the Credit Agreement rates change for SVV’s term loans?

The amendment reduces the Applicable Rate on existing term loans to 2.50% for Term SOFR Loans and 1.50% for Base Rate Loans. These revised margins apply under the amended Credit Agreement dated September 18, 2025.

Which Savers Value Village entities are parties to the amended Credit Agreement?

Evergreen AcqCo GP LLC, S-Evergreen Holding Corp., Evergreen AcqCo 1 LP as the US Borrower, and Value Village Canada Inc. as the Canadian Borrower, along with certain subsidiaries, are parties to the amended Credit Agreement disclosed in the filing.

Who are the key financial institutions in SVV’s amended Credit Agreement?

Jefferies Finance LLC serves as administrative and collateral agent, while PNC Bank, National Association, is the revolving agent. Various lenders are also party to the Credit Agreement originally dated September 18, 2025 and amended on June 2, 2026.

Why is the SVV Credit Agreement amendment considered a material definitive agreement?

The company classifies the change as a material definitive agreement because it governs important loan terms for key subsidiaries. The revised Applicable Rates and resulting obligations are significant enough to require disclosure under Item 1.01 and Item 2.03 of Form 8-K.

Filing Exhibits & Attachments

3 documents