Tempur Pedic $150 million seven-year notes talked at 10%-10¼%, pricing Thursday

By Paul A. Harris

St. Louis, Aug. 6 - Price talk of 10%-10¼% emerged Wednesday on Tempur Pedic Inc.'s planned $150 million of seven-year senior subordinated notes (B3/B-), according to a market source.

The deal is expected to price on Thursday, the source said.

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

Proceeds will be used to repay bank and mezzanine debt and to fund a special dividend to shareholders.

The prospective issuer is a Lexington, Ky.-based mattress company.

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