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From Home Furnishing Business

Tempur Sealy to Sell $350M in Senior Notes

Bedding supplier Tempur Sealy International (NYSE: TPX) is looking to offer $350 million of senior notes due 2023 to qualified institutional buyers and non-U.S. buyers.




The company expects to use the net proceeds of the offering to repay a portion of the term loan debt outstanding under its senior secured credit facilities and pay related fees and expenses. The notes will be general unsecured senior obligations of Tempur Sealy and will be guaranteed on a senior unsecured basis by all of Tempur Sealy's existing and future domestic restricted subsidiaries that guarantee or are borrowers under its senior secured credit facilities.

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