Company: SVV
Filing Date: 2025-05-16
Form Type: 424B5
Source: 0001193125-25-121233
Chunk: 23

Company: Savers Value Village, Inc.
Filing Date: 2025-05-16
Form: 424B5
Chunk 23
---
 the sale of these shares. The Registration Rights Agreement sets forth our obligation to reimburse certain expenses that are incurred by the
Ares selling stockholders. The selling stockholders will pay any underwriting discounts, selling commissions and stock transfer taxes applicable to the sale of the shares of common stock. We will pay all remaining fees, costs and expenses.

S-14

DIVIDEND POLICY

We do not anticipate paying any cash dividends after this offering. Instead, we anticipate that all of our earnings on our common stock in the
foreseeable future will be used to repay debt, for working capital, to support our operations and to finance the growth and development of our business. We may also use cash on our balance sheet, cash generated from operations or proceeds from new
borrowings, or any combination of these sources of liquidity and capital, to either pay for acquisitions or to conduct repurchases of our common stock under our share repurchase program, or both. Any future determination relating to dividend policy
will be made at the discretion of our board of directors and will depend on a number of factors, including restrictions in our current and future debt instruments, our future earnings, capital requirements, financial condition, prospects, and
applicable Delaware law, which provides that dividends are only payable out of surplus or current net profits.

As a holding company, our
ability to pay dividends depends on our receipt of cash dividends from our operating subsidiaries. Our ability to pay dividends will therefore be restricted as a result of restrictions on their ability to pay dividends to us, including under the
agreements governing our existing and any future indebtedness. See “Risk Factors—Risks Relating to this Offering and Ownership of Our Common Stock” in this prospectus supplement and “Management’s Discussion and Analysis of
Financial Condition and Results of Operations—Liquidity and Capital Resources” in our 2024 Annual Report and our Q1 2025 Quarterly Report, each of which is incorporated by reference herein.

S-15

SELLING STOCKHOLDERS The following table sets forth the beneficial ownership of our common stock by the selling stockholders (i) as of May 8, 2025 and (ii) immediately following this offering (including the Concurrent Share Repurchase), as adjusted to reflect the sale of shares of common stock by the selling stockholders. The percentage ownership information shown in the table prior to this offering is based upon 157,441,963 shares of common stock outstanding as of May 8, 2025. The percentage ownership information