Tempur Sealy to repay part of term loan with sale of notes proceeds

By Alyssa Stahr

Chicago, Sept. 21 – Tempur Sealy International, Inc. will repay some of its term loan debt with proceeds from a sale of new notes, according to a Monday press release.

Funds raised in the financing will also be used to pay fees and expenses.

The company announced Monday that it will offer $350 million of senior notes due 2023.

Tempur Sealy is a Lexington, Ky.-based developer and manufacturer of mattresses, foundations and pillows.

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