Company: SVV
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001883313-25-000101
Chunk: 115

Company: Savers Value Village, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 115
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 subsidiaries. We also recorded losses of $3.3 million during the thirty-nine weeks ended September 27, 2025 on derivative instruments we use to manage foreign currency exchange rate risk.

During the thirty-nine weeks ended September 28, 2024, the USD strengthened against the CAD relative to December 30, 2023, resulting in remeasurement losses of $6.4 million arising primarily on USD-denominated debt held by one of our Canadian subsidiaries. We also recorded gains of $6.9 million during the thirty-nine weeks ended September 28, 2024 on derivative instruments we use to manage foreign currency exchange rate risk.

36

Loss on extinguishment of debt

The following table presents loss on extinguishment of debt:

Thirty-Nine Weeks Ended(in thousands)September 27, 2025September 28, 2024$ Change% ChangeLoss on extinguishment of debt$35,339 $4,088 $31,251 n/m

n/m – not meaningful

During the thirty-nine weeks ended September 27, 2025, loss on extinguishment of debt of $35.3 million comprised $2.7 million associated with the redemption of $44.5 million aggregate principal amount of the Notes on February 6, 2025, as well as $32.6 million associated with the redemption of the remaining aggregate principal amount of the Notes and repayment of all outstanding amounts under the 2021 Term Loan Facility on September 18, 2025 using the proceeds, in part, from the 2025 Term Loan Facility. The $32.6 million loss on extinguishment of debt included a $19.5 million prepayment premium, in addition to the write-off of unamortized debt issuance costs and debt discounts under the Notes and 2021 Term Loan Facility.

During the thirty-nine weeks ended September 28, 2024, loss on extinguishment of debt of $4.1 million comprised $0.7 million associated with the repricing of outstanding borrowings under our 2021 Term Loan Facility on January 30, 2024 and $3.4 million associated with the redemption of $49.5 million aggregate principal amount of the Notes on March 4, 2024.

Other expense (income), net

The following table presents other expense (income), net:

Thirty-Nine Weeks Ended(in thousands)September 27, 2025September 28, 2024$ Change% ChangeOther expense (income),