Mattress Holding launches $100 million add-on term loan at par

By Sara Rosenberg

New York, March 17 - Mattress Holding Corp. launched on Monday its $100 million add-on term loan due Jan. 18, 2016 with a par offer price, according to a market source.

Pricing on the add-on is Libor plus 350 basis points with no Libor floor, in line with the existing term loan, the source said.

Amortization on the term loan is 1% per annum.

Commitments are due on March 21, the source added.

UBS Securities LLC is the bookrunner on the deal.

Proceeds will be used to repay revolver borrowings and fund an acquisition.

Mattress Holding is a Houston-based mattress retailer.

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