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From Home Furnishing Business

Tempur Sealy Ups Note Offering to $450M

Tempur Sealy International (NYSE: TPX) has increased its planned offering of senior notes to $450  million from the $350 million announced earlier this week.

The notes will be offered through a private placement with an interest rate of 5.625 percent.

The notes will be issued at face value and will mature Oct. 15, 2023. The offering is expected to close Thursday subject to customary closing conditions.

Proceeds of the offering will be used to repay a part of the company’s long-term debt.



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