Company: SVV
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001883313-25-000101
Chunk: 35

Company: Savers Value Village, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 35
---
 of the underlying notional amount. In September 2025, the Company entered into interest rate swaps with USD notional amounts of $600.0 million as of September 27, 2025. In April 2024, the Company terminated its then-existing interest rate swaps, resulting in net proceeds of $10.3 million. All interest rate swaps were designated as cash flow hedging instruments.

15

The fair value of derivative financial instruments were as follows:(in thousands)Balance Sheet LocationSeptember 27, 2025December 28, 2024Derivatives not designated as hedging instruments:Forward contractsDerivative asset – current$— $4,574 Cross currency swapsDerivative asset – current1,640 — Total derivatives in an asset position$1,640 $4,574 Forward contractsAccounts payable and accrued liabilities$144 $— Cross currency swapsDerivative liabilities – non-current2,167 — Total derivatives in a liability position$2,311 $— Derivatives designated as hedging instruments:Interest rate swapsDerivative asset – current$1,304 $— Interest rate swapsDerivative liabilities – non-current$2,176 $— Deferred (loss) gain on interest rate swaps (1)Accumulated other comprehensive income$(900)$4,432 (1)Presented gross of immaterial income taxes. The impact of derivative financial instruments on the unaudited interim Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income was as follows:Thirteen Weeks EndedThirty-Nine Weeks Ended(in thousands, gross of immaterial income taxes)September 27, 2025September 28, 2024September 27, 2025September 28, 2024(Gain) loss on forward contracts recognized in loss (gain) on foreign currency, net$(1,848)$1,193 $2,745 $733 Loss (gain) on cross currency swaps recognized in loss (gain) on foreign currency, net$532 $— $532 $(7,647)Gain on interest rate swaps recognized in interest expense, net$(30)$(2,637)$(4,462)$(8,341)The table below presents the effect of cash flow hedge accounting on comprehensive (loss) income:Thirteen Weeks EndedThirty-Nine Weeks Ended(in thousands, gross of immaterial