---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-26-009081"
form_type: "8-K"
ticker: "SNBR"
cik: "0000827187"
company_name: "Sleep Number Corp"
filed_at: "2026-06-16T21:30:12+00:00"
generated_at: "2026-06-16T21:32:37.217884+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Sleep Number enters DIP financing up to $260M in Chapter 11; maturity Sept 16, 2026

## Summary
- $65M new money term loans plus $195M roll-up of prepetition debt.
- Interim DIP order entered June 15; final hearing scheduled July 9, 2026.
- Interest at SOFR+8% or base rate+7% per annum.
- Case milestones include sale of substantially all assets.
- Common shares likely cancelled in Chapter 11 restructuring.

## SEC filing metadata
- accession: 0000950103-26-009081
- form_type: 8-K
- ticker: SNBR
- cik: 0000827187
- company_name: Sleep Number Corp
- filed_at: 2026-06-16T21:30:12+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/827187/000095010326009081/0000950103-26-009081-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/827187/000095010326009081/dp248436_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-26-009081
- JSON: https://secwatch.observer/filing/0000950103-26-009081.json
- Plain text: https://secwatch.observer/filing/0000950103-26-009081.txt

## Key facts
- Material Agreements
  Sleep Number Corp amended Fourteenth Amendment to Amended and Restated Credit and Security Agreement with the prepetition lenders under the Prepetition Credit Agreement (collectively, the "DIP Lenders") valued at up to $260 million (effective 2026-06-16).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: the prepetition lenders under the Prepetition Credit Agreement (collectively, the "DIP Lenders")
  - Value: up to $260 million
  - Effective: 2026-06-16
  source text: On June 16, 2026, Sleep Number Corporation (“Sleep Number” or the “Company”) and its subsidiaries (together with Sleep Number, the “Debtors”) entered into the Fourteenth Amendment (the “DIP Amendment”) to Amended and Restated Credit and Security Agreement (the “Prepetition Credit Agreement”, and as amended by the DIP Amendment, the “DIP Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/827187/000095010326009081/0000950103-26-009081-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.