Company: SVV
Filing Date: 2025-05-16
Form Type: 424B5
Source: 0001193125-25-121233
Chunk: 11

Company: Savers Value Village, Inc.
Filing Date: 2025-05-16
Form: 424B5
Chunk 11
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 share. |

| Dividend policy | We do not anticipate paying any cash dividends after this offering. Any future determination relating to dividend policy will be made at the discretion 
 of our board of directors and will depend on a number                                                                                                   |

S-4

| of factors, including restrictions in our current and future debt instruments, our future earnings, capital requirements, financial condition, future prospects, and applicable Delaware law, which 
 provides that dividends are only payable out of surplus or current net profits. See “Dividend Policy.”                                                                                              |

| Risk factors | See “Risk Factors” beginning on page S-6 and the other information included and incorporated by reference in this prospectus supplement and the accompanying prospectus for a discussion of factors 
 you should carefully consider before deciding to invest in our common stock.                                                                                                                        |

| Controlled company | After giving effect to this offering and the Concurrent Share Repurchase, the Ares Funds will hold approximately 77.13% of our outstanding common stock (or 75.68% if the underwriters exercise their option to purchase additional shares in full). 
 Accordingly, we expect to continue to be a “Controlled Company” as defined in the corporate governance rules of the NYSE and will remain exempt from certain corporate governance requirements of those rules. See “Risk                             
 Factors—Risks Relating to this Offering and Ownership of Our Common Stock.”                                                                                                                                                                          |

| Ticker symbol | “SVV.” |

The number of shares of our common stock to be outstanding after this offering and the Concurrent Share Repurchase is based on 157,441,963 shares of our common stock outstanding as of May 8, 2025, and excludes 28,502,021 shares of our common stock reserved for future issuance upon exercise of outstanding stock options under our 2019 Management Incentive Plan and Omnibus Incentive Plan, consisting of 7,552,682 shares subject to time-based options issued with a weighted average exercise price of $7.08 per share, 7,195,746 shares subject to performance-based options issued with a weighted average exercise price of $2.11 per share, 2,031,424 shares subject to time-based restricted stock units with a weighted average grant date fair value of $11.85 per share and 11,772,169 shares available for future issuance under our Omnibus Incentive Plan.

S-5

RISK FACTORS A description of the risks and uncertainties associated with our business is set forth below. You should carefully consider