Company: SVV
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001883313-25-000101
Chunk: 74

Company: Savers Value Village, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 74
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4.2 million for employee incentive compensation, the majority of which we paid during the first quarter of fiscal 2025. The change in accounts payable and accrued liabilities resulted primarily from interest payments on the Notes, which were due every February 15 and August 15. As of December 30, 2023, we had an interest accrual of $18.1 million on the Notes which was paid on February 15, 2024. As of September 28, 2024, we had accrued $5.3 million which was paid on February 15, 2025. 

Net cash used in investing activities

Net cash used in investing activities was $81.6 million for the thirty-nine weeks ended September 27, 2025, which consisted primarily of $81.1 million of expenditures related to investments in new stores, offsite processing and information technology, as well as capital maintenance expenditures. Net cash used in investing activities further includes $2.5 million of net purchases of marketable securities related to the Company’s deferred compensation plan.

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Net cash used in investing activities was $55.1 million for the thirty-nine weeks ended September 28, 2024, which consisted primarily of $80.1 million of expenditures related to investments in new stores, offsite processing, and capital maintenance expenditures, as well as a net payment of $3.2 million related to the 2 Peaches Acquisition. Net cash used in investing activities further includes proceeds of $28.1 million related to the termination of the Company’s then-existing cross currency swaps in April 2024. 

Net cash used in financing activities

Net cash used in financing activities was $83.2 million for the thirty-nine weeks ended September 27, 2025, which primarily reflected debt transactions effected during the fiscal year and $35.6 million of share repurchases. In September 2025, the Company received $746.3 million of proceeds from the 2025 Term Loan Facility to repay $716.8 million of existing long-term debt, in addition to paying a $19.6 million prepayment premium and $8.8 million of debt issuance costs. Further, in February 2025, the Company redeemed $44.5 million of the Notes and paid a $1.3 million prepayment premium.

Net cash used in financing activities was $64.1 million for the thirty-nine weeks ended September 28, 2024, which consisted primarily of $54.0 million of