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Tempur-Pedic International Inc.
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.
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