Tempur Sealy Prices $1.6 Billion Loan for Mattress Firm Acquisition

Tempur Sealy ( (TPX) ) has provided an update.

Tempur Sealy International, Inc. has announced the pricing of its $1.6 billion Term Loan B to fund its proposed acquisition of Mattress Firm Group Inc. The loan, maturing in seven years with terms of SOFR + 250 bps and an OID of 99.5, is expected to close shortly. The company aims to integrate Mattress Firm into its operations, enhancing its leading position in the bedding industry and broadening its global reach in providing quality sleep solutions.

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