---
schema_version: "secwatch.filing_event.v1"
accession: "0001206264-24-000138"
form_type: "8-K"
ticker: "SGI"
cik: "0001206264"
company_name: "SOMNIGROUP INTERNATIONAL INC."
filed_at: "2024-09-23T23:59:59+00:00"
generated_at: "2026-05-31T02:18:54.522566+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Tempur Sealy Updates on Mattress Firm Deal, Announces $1.6B Debt Facility and Divestiture Plan

## Summary
- Hearings for FTC challenge to acquisition set to begin November 12, 2024; transaction expected to close late 2024 or early 2025.
- Agreed to sell 73 Mattress Firm locations and Sleep Outfitters (103 stores) to Mattress Warehouse, subject to closing the acquisition.
- Launched proposed $1.6 billion senior secured Term Loan B facility to fund the Mattress Firm acquisition cash consideration.
- Expects to operate over 2,800 retail locations worldwide and realize $100 million annual run-rate synergies by year four after closing.

## SEC filing metadata
- accession: 0001206264-24-000138
- form_type: 8-K
- ticker: SGI
- cik: 0001206264
- company_name: SOMNIGROUP INTERNATIONAL INC.
- filed_at: 2024-09-23T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1206264/000120626424000138/0001206264-24-000138-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1206264/000120626424000138/tpx-20240923.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001206264-24-000138
- JSON: https://secwatch.observer/filing/0001206264-24-000138.json
- Plain text: https://secwatch.observer/filing/0001206264-24-000138.txt

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