{"schema_version":"secwatch.filing_event.v1","accession":"0001206264-23-000196","form_type":"8-K","ticker":"SGI","cik":"0001206264","company_name":"SOMNIGROUP INTERNATIONAL INC.","filed_at":"2023-10-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.438520+00:00","generated_at":"2026-06-10T01:30:13.243497+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Tempur Sealy closes $1.65B refinancing; extends maturities to 2028","bullets":["New $1.15B revolver and $500M term loan, maturity October 10, 2028.","Proceeds refinance existing credit facilities; revolver also for general corporate purposes.","Incremental facility up to $850M plus additional amounts subject to secured leverage test.","Financial covenants: interest coverage ≥3.0x, total leverage ≤5.0x, secured leverage ≤3.5x.","CEO says extended maturities, improved flexibility, maintained cost of funds; oversubscribed."],"urls":{"canonical":"https://secwatch.observer/filing/0001206264-23-000196","json":"https://secwatch.observer/filing/0001206264-23-000196.json","markdown":"https://secwatch.observer/filing/0001206264-23-000196.md","text":"https://secwatch.observer/filing/0001206264-23-000196.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1206264/000120626423000196/0001206264-23-000196-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1206264/000120626423000196/tpx-20231010.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T01:30:13.243497+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":"c53d45c8f54c3e0857e07a12173acd0f758a30cb","claim":"SOMNIGROUP INTERNATIONAL INC. entered into Credit Agreement with Bank of America, N.A., as administrative agent, and the several banks and other financial institutions party thereto valued at $1.15 billion revolving credit facility, a $500 million term loan facility (effective 2023-10-10).","evidence_excerpt":"On October 10, 2023, Tempur Sealy International, Inc. (the \"Company\"), Tempur-Pedic Management, LLC (the \"Additional Borrower\") and certain wholly-owned subsidiaries of the Company (the \"Subsidiary Guarantors\") entered into a senior secured credit agreement (the \"Credit Agreement\") with the several banks and other financial institutions party thereto and Bank of America, N.A., as administrative agent (the \"Agent\").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1206264/000120626423000196/0001206264-23-000196-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A., as administrative agent, and the several banks and other financial institutions party thereto"},{"label":"Value","value":"$1.15 billion revolving credit facility, a $500 million term loan facility"},{"label":"Effective","value":"2023-10-10"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}