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Mattress Holding to launch $100 million add-on term loan on Monday
By Sara Rosenberg
New York, March 13 - Mattress Holding Corp. will hold a conference call at 10 a.m. ET on Monday to launch a $100 million add-on term loan due Jan. 18, 2016, according to a market source.
UBS Securities LLC is the bookrunner on the deal.
Amortization on the term loan is 1% per annum, the source said.
Proceeds will be used to repay revolver borrowings and fund an acquisition.
Mattress Holding is a Houston-based mattress retailer.
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