Serta Simmons to launch $1.28 billion term loan repricing on Tuesday

By Sara Rosenberg

New York, Nov. 4 - Serta Simmons Holdings LLC will hold a call at 3 p.m. ET on Tuesday to launch a repricing of its $1.28 billion senior secured term loan B, according to a market source.

Morgan Stanley Senior Funding Inc., Deutsche Bank Securities Inc., Goldman Sachs Bank USA, UBS Securities LLC and Barclays are the lead banks on the deal.

Current pricing on the term loan B is Libor plus 375 basis points with a 1.25% Libor floor.

Serta Simmons is a mattress manufacturer.

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