Company: SVV
Filing Date: 2025-04-21
Form Type: DEF 14A
Source: 0001883313-25-000019
Chunk: 70

Company: Savers Value Village, Inc.
Filing Date: 2025-04-21
Form: DEF 14A
Chunk 70
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   7,536 |     |   |   5,858 |
| Store closing expenses(6)            |                        |             |     874 |     |   |   1,613 |     |   |   2,732 |
| Executive transition costs(7)        |                        |             |     689 |     |   |       — |     |   |   1,532 |
| Transaction costs(8)                 |                        |             |   2,621 |     |   |   3,103 |     |   |   4,728 |
| Dividend-related bonus(9)            |                        |             |       — |     |   |  24,097 |     |   |   6,499 |
| Loss (gain) on foreign currency, net |                        |             |  14,294 |     |   |  -6,660 |     |   |  20,737 |
| Other adjustments(10)                |                        |             |   4,312 |     |   |  -3,260 |     |   |   2,698 |
| Adjusted EBITDA                      |                        | $           | 296,164 |     | $ | 322,377 |     | $ | 301,686 |

(1) Removes the effects of the loss on debt extinguishment in relation to the repricing of outstanding borrowings under the Term Loan Facility on January 30, 2024, the partial repayment of outstanding borrowings under the Term Loan Facility on July 5, 2023 and February 6, 2023, the partial redemption of our Senior Secured Notes on March 4, 2024 and July 3, 2023, and the repayment of a mortgage loan on January 6, 2022.

(2) Represents non-cash stock-based compensation expense related to stock options and restricted stock units granted to certain of our employees and directors.

(3) Represents the difference between cash payments and straight-line lease expense.

(4) Represents lease expense associated with acquired lease intangibles. Prior to the adoption of Topic 842, this expense was included within depreciation and amortization.

(5) Pre-opening expenses include expenses incurred in the preparation and opening of new stores and processing locations, such as payroll, training, travel, occupancy and supplies.

(6) Costs associated with the closing of certain retail locations, including lease termination costs,