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Serta Simmons to launch $1.31 billion term loan repricing on Thursday
By Sara Rosenberg
New York, Feb. 6 - Serta Simmons (AOT Bedding Super Holdings LLC) scheduled a lender call for 11 a.m. ET on Thursday to launch a repricing of its $1.31 billion senior secured term loan, according to a market source.
Morgan Stanley Senior Funding Inc., Deutsche Bank Securities Inc., UBS Securities LLC, Goldman Sachs & Co. and Barclays are leading the deal.
Current pricing on the term loan is Libor plus 375 basis points with a 1.25% Libor floor.
Serta Simmons is a mattress manufacturer.
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