Tempur Sealy prices $1.6B Term Loan B at SOFR+250 bps for Mattress Firm deal financing

SOMNIGROUP INTERNATIONAL INC.

Term Loan B priced at $1.6B aggregate principal, SOFR + 250 bps with OID of 99.5.
Loan matures seven years after closing; proceeds to fund cash portion of Mattress Firm acquisition.
Closing expected within weeks; funds will be held in escrow until acquisition closes.
Tempur Sealy also plans to use cash and other debt to complete the transaction.

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