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Prospect News home > News index > List of issuers T > Headlines for Tenders 2010 > News item |
Sealy buys back $5 million 8¼% notes due 2014 at 99.06 in past quarter
By Susanna Moon
Chicago, Jan. 25 - Sealy Corp. repurchased and retired $5 million principal amount of its 8¼% senior subordinated notes due 2014 on the open market at 99.06% of par plus accrued interest during the fourth quarter of fiscal 2009, according to a 10-K filing with the Securities and Exchange Commission.
As of Nov. 29, the outstanding balance of the notes was $268.9 million.
The company said that as part of the ongoing evaluation of its capital structure, it is continually assessing opportunities to reduce debt, which may include the redemption or repurchase of some senior notes, the 8¼% notes or convertible notes.
Sealy is a bedding manufacturer based in Trinity, N.C.
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