Mattress Firm Holding to draw on revolver for acquisition financing

By Sara Rosenberg

New York, April 29 - Mattress Firm Holding Corp. plans on using revolving credit facility borrowings, cash reserves and a $3.5 million seller note to fund its roughly $35 million acquisition of substantially all of the mattress specialty retail assets and operations of Mattress Liquidators Inc., according to a news release.

Closing is expected by the end of the second fiscal quarter of 2014, subject to customary conditions.

Mattress Firm is a Houston-based retailer of mattresses and accessories.

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