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Savers to launch $600 million first-lien term loan on Tuesday call
By Sara Rosenberg
New York, April 5 – Savers Inc. will be launching a $600 million first-lien term loan on its Tuesday lender call, according to a market source.
KKR Capital Markets, Jefferies LLC and Credit Suisse Securities (USA) LLC are the leads on the deal.
Proceeds will be used to help fund the buyout of the company by Ares from Crescent Capital Group LP. Ares is a minority owner of the company but will gain full ownership with this transaction.
Closing is subject to customary conditions.
Savers is a Bellevue, Wash.-based thrift store chain.
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