Tempur Sealy International, Inc. (TPX), a manufacturer of mattresses and bedding products, Monday announced a proposed senior secured Term Loan B facility of up to $1.6 billion.
The company plans to use proceeds from the loan facility, which will mature after seven years, with cash available and proceeds from other debt, to fund the previously announced acquisition of Mattress Firm Group Inc.
Tempur Sealy expects to draw on the loan concurrent with the closing of the acquisition.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.