Tempur-Pedic to increase revolver by $70 million in connection with bond redemption

By Sara Rosenberg

New York, Nov. 27 - Tempur-Pedic International Inc. plans on increasing its revolving credit facility by $70 million and using borrowings to fund the redemption of its $97.5 million of 10¼% senior subordinated notes due 2010, according to a company news release.

Tempur-Pedic is a Lexington, Ky.-based manufacturer, marketer and distributor of premium mattresses and pillows.

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