Foamex to repay some first-lien term debt with asset sale proceeds

By Sara Rosenberg

New York, Oct. 12 - Foamex International Inc. will repay some first-lien term loan debt using $9.7 million of the proceeds from the sale of its stand-alone carpet cushion facilities, according to a news release.

"We continue to focus on deleveraging the balance sheet and I remain confident that we are on track to meet or exceed our goal of having less than $560 million of net debt by year-end," said Jack Johnson, president and chief executive officer, in the release.

Foamex is a Linwood, Pa.-based manufacturer of flexible polyurethane and advanced polymer foam products.

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