Tempur Sealy closes $1.6B Term Loan B for Mattress Firm acquisition, extends $605M delayed draw term A

SOMNIGROUP INTERNATIONAL INC.

Term Loan B facility of $1.6 billion closed; matures October 24, 2031. Proceeds held in escrow for Mattress Firm acquisition.
Amendment No. 2 extends $605 million of delayed draw term A loan commitments to October 24, 2025.
Term Loan B bears interest at base rate + margin, Term SOFR + margin, or Daily Simple SOFR + margin; no financial maintenance covenants.
If acquisition does not close within one year of funding, Company must repay Term Loan B in full.
Term Loan B secured by escrow proceeds and substantially all assets of Company and subsidiary guarantors.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.