Tempur Sealy Secures $1.6 Billion Term Loan B Facility

Summary

Tempur Sealy International, Inc. has closed on a $1.6 billion senior secured Term Loan B facility, extending the availability period of its Delayed Draw Term A Loan commitments. The proceeds from the Term Loan B will be used to fund the acquisition of Mattress Firm Group Inc. This financing aligns with the Company's strategic plan to integrate Mattress Firm into its operations. The amendments to the Credit Agreement are filed as Exhibits 10.1 and 10.2. A press release with further details is furnished as Exhibit 99.1.