Company: SVV
Filing Date: 2025-05-16
Form Type: 424B5
Source: 0001193125-25-121233
Chunk: 18

Company: Savers Value Village, Inc.
Filing Date: 2025-05-16
Form: 424B5
Chunk 18
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 | incurring indebtedness in a single transaction or a series of related transactions in an aggregate principal 
 amount in excess of $100.0 million;                                                                          |

| • |     | issuing our or our subsidiaries’ equity other than pursuant to an equity compensation plan approved by our 
 stockholders or a majority of the directors designated by the Ares Funds;                                  |

| • |     | appointing and removing our chief executive officer; |

| • |     | entering into any transactions, agreements, arrangements or payments with any other person who owns greater than                        
 or equal to 10% of our common stock then outstanding that are material or involve aggregate payments or receipts in excess of $500,000; |

| • |     | amending, modifying or waiving any provision of our organizational documents in a manner that adversely affects 
 the Ares Funds;                                                                                                 |

| • |     | commencing any liquidation, dissolution or voluntary bankruptcy, administration, recapitalization or 
 reorganization;                                                                                      |

S-9

| • |     | increasing or decreasing the size of our board of directors; and |

| • |     | entering into any agreement to do any of the foregoing. |

The interests of the Ares Funds could conflict with or differ from our interests or the interests of our other stockholders. For example, the concentration of ownership held by the Ares Funds could delay, defer or prevent a change in control of our company or impede a merger, takeover or other business combination which may otherwise be favorable for us. Additionally, the Ares Funds are in the business of making investments in companies and may, from time to time, acquire and hold interests in or provide advice to businesses that compete directly or indirectly with us, or are suppliers or customers of ours. Any such investment may increase the potential for the conflicts of interest discussed in this risk factor. Our status as a “Controlled Company” within the meaning of the NYSE rules exempts us from certain corporate governance requirements. After giving effect to this offering and the Concurrent Share Repurchase, the Ares Funds will continue to control a majority of the voting power of our outstanding voting stock, and as a result we will remain a controlled company within the meaning of the NYSE corporate governance standards. Under the NYSE rules, a company of which more than 50% of the voting power is held by another person or group of persons acting together is a controlled company and may elect not to comply with certain corporate governance requirements, including the requirements that:

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