Tempur Sealy paid down facility in Q3 with note proceeds, prepayment

By Wendy Van Sickle

Columbus, Ohio, Oct. 29 – Tempur Sealy International, Inc. paid down term loan debt under its senior secured credit facility with proceeds from a $450 million offering of senior notes and made an additional $50 million prepayment, during the third quarter of 2015, according to a Thursday press release announcing results for the quarter.

The company said the actions improved its capital structure “by extending debt maturities, increasing capacity under the senior secured credit facility and shifting more debt to fixed-rate debt.”

Tempur Sealy is a Lexington, Ky.-based developer and manufacturer of mattresses, foundations and pillows.

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