Home Add to Favorite Contact Submit  
           19 October, 2021

Category:  Press » Finances


Sealy Mattress Company Refinances Its Senior Credit Facility

         Views: 2238
2006-08-28 22:43:16     
Sealy Corporation

Sealy Mattress Company, a subsidiary of Sealy Corporation (NYSE: ZZ), announced today that it has refinanced its $440 million senior secured facility. The new facility will replace the existing $440 million senior secured facility. The new facility will be made up of a Term Loan A in the amount of $300 million with a current interest rate of LIBOR plus 1.25% and a Term Loan E in the amount of $140 million with a current interest rate of LIBOR plus 1.50%. This new facility replaces the current Term Loan which had an interest rate of LIBOR plus 1.75%.

"We are pleased to be able to complete this refinancing transaction which will allow us to reduce Sealy's cost of borrowing," said David J. McIlquham, Sealy's Chairman and Chief Executive Officer. "It represents another step in our ongoing efforts to consistently increase Sealy's cash flow over the long term."

About Sealy

Sealy is the largest bedding manufacturer in the world with sales of nearly $1.5 billion in 2005. The Company manufactures and markets a broad range of mattresses and foundations under the Sealy(R), Sealy Posturepedic(R), Stearns & Foster(R), and Bassett(R) brands. Sealy has the largest market share and highest consumer awareness of any bedding brand in North America. Domestically, Sealy has 20 plants, and sells its products to 2,900 customers with more than 7,000 retail outlets. Sealy is also a leading supplier to the hospitality industry.

Specialized in: Posturepedic - Trueform - Springfree - Spring Free - True Form - Posturepedic Luxury - Refelxion - Back Support - Bed - Bed Frame - Bedroom - Damask Fabrics - Ben Nash - Better Sleep Council - Blankets - Boxspring - Boxtop - Brass Corner Guards - Brass Air Vents - California King - Cincinnati
URL: http://www.sealy.com
Print press release      Bookmark this page
Related Press releases 
Georgia Business Insurance Agency Releases a New Educational Resource on Commercial Auto Insurance (Popularity: ): Alpharetta, Georgia ( press.abc-directory.com ) August 4, 2021 - Southern States Insurance has recently released a new educational resource that discusses commercial auto insurance and the details of coverage. The new blog is guided by the Georgia commercial auto insurance experts at Southern States Insurance who have extensive experience helping those in the commercial auto industry get thorough and comprehensive coverage.Southern States Insurance offers readers some valuable information that helps ...
Connecticut Business Insurance Brokers Discuss General Liability Coverage (Popularity: ): Norwalk, Connecticut (press.abc-directory) September 30, 2020 - The Connecticut business insurance brokers at JMG Insurance Agency recently released a new informational article that answers the question, "what does general liability insurance cover?". The new blog can be found on the company's website. The information in the article is guided by the insurance agency's extensive professional experience handling general liability plans and ensuring their clients are properly and comprehensively covered. Their ...
FinAcc Global Introduced Financial Reporting Services for Manufacturing Industry (Popularity: ): Arlington,texas-- September 10, 2020 -- It has been an immense pleasure to announce that FinAcc Global is now offering financial reporting services for manufacturing industries. FinAcc Global presents accurate yet customized financial statements and reporting services that help manufacturers to make informed decisions. The company aims to prepare financial reports that help their clients expand their business growth with increased revenue. Moreover, they follow a distinct process while working on ...
FinAcc Global launches accounting services for telecommunication businesses. (Popularity: ): Arlington, Texas-- September 2, 2020 -- It has been an immense pleasure to proclaim that FinAcc Global, an accounting outsourcing company, launches specialized accounting services for telecommunication businesses. The outsourcing firm aims to deliver flexible and integrated finance accounting solutions that help the industry to overcome many challenges.FinACC Global presents comprehensive accounting services for the telecommunication industry with 100% data security and confidentiality. With the flexible engagement model and technology-enabled ...
Nelito Systems Ltd. appoints Mr. Sanjay Dube as the new Chief Executive Officer (Popularity: ): Navi Mumbai, July 08, 2020 – Nelito Systems Ltd. (Group Company of DTS Corporation, Japan), announced that Mr. Sanjay Dube has been appointed as the Chief Executive Officer.Mr. Sanjay Dube, prior to joining Nelito looked after the Fuel, Logistics and Land vertical for The Tata Power Company Limited. Prior to that, he looked after Strategy and Performance Analysis and before that, he looked after Treasury, Investor Relations and Corporate Finance, ...

Press release home snapshot 

Related Business 
Sealy India: Spring Mattress (Popularity: ): Sealy India is one of the most trusted brand for Posturepedic, luxury, Spring & Memory foam mattresses with the comfort and support you need. Sealy is the number one choice of bedding with the title of World's No.1 Selling Mattresses for over 30 years. 100 million people worldwide are experiencing the benefits of a better night's sleep from Sealy.
Sleep One Mattress Superstore (Popularity: ): SleepOne Mattress stores offer the best from Sealy, Simmons, Sterns, Foster and other great brands. SleepOne is a certified Elite retailer for Tempur-Pedic, the most recommended mattress in Kansas City. We offer Mattress in Kansas City the best from Sealy, Simmons, Sterns, Foster and other great brands.
Bedzilla Ltd, - UK Beds and Mattress Specialist (Popularity: ): Mattress.co.uk is a leading online retailer of beds and mattresses in the UK. Official UK stockists of Sealy, Silentnight and Rest Asssured and Layezee Beds. Free delivery across the UK and 'Price promise guarantee' on all products. Expert advice available from qualified bedding consultants.
Bedworld Mattresses (Popularity: ): Get the cheapest mattress in UK provided by the trusted brand bedworld.net we at bedworld.net are committed to provide quality mattresses for you. Find a good mattress such as memory foam mattresses, mattress toppers, foam mattresses, sealy mattresses, king size mattresses, double mattresses, single mattresses .
Mattress Gallery (Popularity: ): Offers sales of Sealy, and Stern and Foster products.
Cheap Mattress Reviews (Popularity: ): We are here to help you find the best mattress at the best price. We’ll help you figure out what the best mattress is for your needs. We’ll do this by providing mattress reviews, mattress buying guides, and articles that will point out the questions you should be asking yourself.
Mattress Home (Popularity: ): Mattress-Home.com, the Best Place to Buy Mattress Online. We pick the best mattress at the best prices on the internet. A superb e-commerce website in which I'm able to buy mattress on the web. It is an Amazon affiliate shop also it only picks the best selling and top rated products.
Dream Foam Bedding: All Natural Latex Mattress (Popularity: ): Dream Foam Bedding offers luxury line of memory foam and latex mattresses made in the U.S.A. All products include FREE shipping and are tax-free! Every mattress we make is either CertiPur-US or Oeko-Tek Certified. Dream Foam Bedding is leading company for latex mattress, talalay latex mattress, all natural latex mattress and memory foam mattress.
Mattress Stores In Philadelphia (Popularity: ): America’s Mattress believes the way to build a company and to gain loyal customers is to treat them fair and extend the best possible customer service. We don’t just say this, we live it. America’s Mattress wants every customer to be 100% satisfied with their purchase.
Mattress Warehouse (Popularity: ): We have locations in South Salt Lake, South Jordan, Midvale, American Fork and Park City. We carry Utah's largest selection of Sealy and Stearns & Foster, we sell Tempurpedic, Nex Gel, Natura, and Corsicana.