Tempur Pedic to start roadshow for $150 million seven-year notes on Tuesday

By Paul A. Harris

St. Louis, July 28 - Tempur Pedic Inc. starts the roadshow for an offering of $150 million of senior subordinated notes due 2010 (B3/B-), according to a syndicate source.

The deal is expected to price late in the week of August 4, the source added.

Lehman Brothers and UBS Investment Bank are joint bookrunners. Credit Suisse First Boston is the co-manager.

The Lexington, Ky. mattress company will use proceeds to repay bank and mezzanine debt and to fund a special dividend to shareholders.

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