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Tempur Sealy to redeem $375 million 6 7/8% notes in full on June 23
By Marisa Wong
Morgantown, W.Va., May 24 – Tempur Sealy International, Inc. has called all $375 million of its 6 7/8% senior notes due 2020 for redemption, according to a press release.
The company will redeem the notes on June 23 at par plus a make-whole premium, along with accrued interest through the redemption date.
The Lexington, Ky.-based bedding provider intends to use proceeds from its offering of new senior notes due 2026 to fund the redemption.
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