Simmons term loan B repricing to launch Friday

By Sara Rosenberg

New York, Aug. 11 - Simmons Co. is expected to launch a repricing of its term loan B on Friday that would lower pricing to Libor plus 225 basis points from Libor plus 275 basis points, according to a market source.

Goldman Sachs is the sole lead bank on the deal.

When the company got the credit facility, the term loan was sized at $405 million. As of the end of March, there was $396.6 million of outstanding term loan B debt.

Simmons is an Atlanta manufacturer and distributor of branded bedding products.

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