---
schema_version: "secwatch.filing_event.v1"
accession: "0001206264-24-000150"
form_type: "8-K"
ticker: "SGI"
cik: "0001206264"
company_name: "SOMNIGROUP INTERNATIONAL INC."
filed_at: "2024-10-25T23:59:59+00:00"
generated_at: "2026-05-30T09:58:42.865122+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001206264-24-000150
- form_type: 8-K
- ticker: SGI
- cik: 0001206264
- company_name: SOMNIGROUP INTERNATIONAL INC.
- filed_at: 2024-10-25T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1206264/000120626424000150/0001206264-24-000150-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1206264/000120626424000150/tpx-20241024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001206264-24-000150
- JSON: https://secwatch.observer/filing/0001206264-24-000150.json
- Plain text: https://secwatch.observer/filing/0001206264-24-000150.txt

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