{"schema_version":"secwatch.filing_event.v1","accession":"0001206264-23-000097","form_type":"8-K","ticker":"SGI","cik":"0001206264","company_name":"SOMNIGROUP INTERNATIONAL INC.","filed_at":"2023-04-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.171987+00:00","generated_at":"2026-06-17T04:56:18.761358+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Tempur Sealy amends $200M accounts receivable securitization facility; terms substantially unchanged","bullets":["Second amended and restated credit agreement provides up to $200M revolving loans, subject to seasonal variations and borrowing base.","Loans bear interest at compounded SOFR plus 0.10% credit spread adjustment plus 0.85% margin.","Facility is substantially unchanged from prior 2021 agreement; parties include Wells Fargo (agent) and Sumitomo Mitsui (lender).","Proceeds support working capital for subsidiaries' receivables from goods/services sales."],"urls":{"canonical":"https://secwatch.observer/filing/0001206264-23-000097","json":"https://secwatch.observer/filing/0001206264-23-000097.json","markdown":"https://secwatch.observer/filing/0001206264-23-000097.md","text":"https://secwatch.observer/filing/0001206264-23-000097.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1206264/000120626423000097/0001206264-23-000097-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1206264/000120626423000097/tpx-20230406.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T04:56:18.761358+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"234ef0c39788ac73fa8b8344e4183bfab2f08ab0","claim":"SOMNIGROUP INTERNATIONAL INC. amended revolving credit of $200 million with Wells Fargo Bank, National Association; Sumitomo Mitsui Banking Corporation at one-month SOFR index plus 10 basis points of credit spread adjustment, plus 85 b.","evidence_excerpt":"The Amended Credit Agreement provides for revolving loans (the \"Loans\") to be made from time to time by the Lenders to the Borrower, in a maximum amount that varies over the course of the year based on seasonality subject to an overall limit of $200 million. Under the Amended Credit Agreement, the Loans will bear interest at a floating rate initially equal to a one-month SOFR index plus 10 basis points of credit spread adjustment, plus 85 basis points.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1206264/000120626423000097/0001206264-23-000097-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$200 million"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association; Sumitomo Mitsui Banking Corporation"},{"label":"Rate","value":"one-month SOFR index plus 10 basis points of credit spread adjustment, plus 85 b"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"143f9d8625d05f3c62abec9c0ff58fd174092000","claim":"SOMNIGROUP INTERNATIONAL INC. amended Second Amended and Restated Credit and Security Agreement with Wells Fargo Bank, National Association, as administrative agent and as lender and Sumitomo Mitsui Banking Corporation (each a 'Lender') valued at $200 million (effective 2023-04-06).","evidence_excerpt":"On April 6, 2023, Tempur Sealy International, Inc. (the \"Company\") and Tempur Sealy Receivables, LLC (the \"Borrower\") entered into a Second Amended and Restated Credit and Security Agreement (\"Amended Credit Agreement\") with Wells Fargo Bank, National Association, as administrative agent and as lender and Sumitomo Mitsui Banking Corporation (each a \"Lender\").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1206264/000120626423000097/0001206264-23-000097-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association, as administrative agent and as lender and Sumitomo Mitsui Banking Corporation (each a 'Lender')"},{"label":"Value","value":"$200 million"},{"label":"Effective","value":"2023-04-06"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}