Tempur sealy international, inc. announces completion of amended credit facilities

Tempur sealy international, inc. announced that it has successfully completed the closing of its amended revolving and term loan senior secured credit facilities. the amended $850 million senior secured credit facilities include a $425 million revolving credit facility and a $425 million term loan facility. the proceeds of the revolving and term loan facilities will be used to refinance tempur sealy's existing credit facilities and for general corporate purposes. the amended credit facilities have an accordion feature that permits incremental borrowings of at least $550 million and potentially substantially more based on a specified secured leverage ratio and certain other conditions.
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