PHILADELPHIA, April 12, 2016: Morgan Lewis represented Tempur Sealy International (NYSE: TPX) – the world’s largest bedding provider – in connection with its new $1.1 billion revolving and term loan senior secured facilities.
The secured credit facilities include a $500 million revolving credit facility, a $500 million term loan facility and a $100 million delayed draw term loan facility. The deal closed on April 7.
Morgan Lewis partner Michael Pedrick led the team advising Tempur Sealy on the new credit facilities. Partner James Black and associates Andrew Budreika and Zach Zemlin contributed to the effort.