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Tempur Sealy to repay part of term loan with sale of notes proceeds
By Alyssa Stahr
Chicago, Sept. 21 – Tempur Sealy International, Inc. will repay some of its term loan debt with proceeds from a sale of new notes, according to a Monday press release.
Funds raised in the financing will also be used to pay fees and expenses.
The company announced Monday that it will offer $350 million of senior notes due 2023.
Tempur Sealy is a Lexington, Ky.-based developer and manufacturer of mattresses, foundations and pillows.
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