Market Overview

Tempur-Pedic Launches $350M Senior Notes Offering

Related TPX
Mid-Morning Market Update: Markets Mostly Flat; Herbalife Expects Lower Q2 Sales
Wedbush Points To Sluggish Q2 Mattress Sales, But Finds Uptick Over Memorial Day
Retail Stocks Holding Up Have This In Common: Investing Action Plan (Investor's Business Daily)

 Tempur-Pedic International Inc. (NYSE: TPX), a leading manufacturer, marketer and distributor of premium mattresses and pillows worldwide, today announced that it proposes to offer, subject to market conditions and other factors, $350 million aggregate principal amount of senior notes due 2020 (the "Notes") to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to certain non-U.S. persons in accordance with Regulation S under the Securities Act. Tempur-Pedic expects to use the net proceeds of the offering, together with cash on hand and borrowings under new senior secured credit facilities to be entered into by Tempur-Pedic, to finance the acquisition of Sealy Corporation and to pay related fees and expenses.

Posted-In: News Offerings


Related Articles (TPX)

View Comments and Join the Discussion!