---
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"
generated_at: "2026-06-17T04:56:18.761358+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Tempur Sealy amends $200M accounts receivable securitization facility; terms substantially unchanged

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001206264-23-000097
- JSON: https://secwatch.observer/filing/0001206264-23-000097.json
- Plain text: https://secwatch.observer/filing/0001206264-23-000097.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $200 million
  - Counterparty: Wells Fargo Bank, National Association; Sumitomo Mitsui Banking Corporation
  - Rate: one-month SOFR index plus 10 basis points of credit spread adjustment, plus 85 b
  - Event: amendment
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1206264/000120626423000097/0001206264-23-000097-index.htm
- Material Agreements
  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).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association, as administrative agent and as lender and Sumitomo Mitsui Banking Corporation (each a 'Lender')
  - Value: $200 million
  - Effective: 2023-04-06
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1206264/000120626423000097/0001206264-23-000097-index.htm

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