Davis Polk is advising Bank of America, N.A. as initial lender and administrative agent and Merrill Lynch, Pierce, Fenner & Smith Incorporated as a joint lead arranger and joint book manager in connection with the $536,250,000 refinancing of the existing senior secured term A loan facility for Tempur Sealy International, Inc.
Based in Lexington, Kentucky, Tempur is a leading manufacturer, marketer and distributor of premium mattresses and pillows, which it sells in approximately 80 countries under the TEMPUR and Tempur-Pedic brands. Earlier this year Tempur acquired Sealy Corporation, a leading bedding manufacturer in the United States that manufactures and markets a complete line of bedding products, including mattresses and mattress foundations, under the Sealy, Sealy Posturepedic, Stearns & Foster and Bassett brand names.
The Davis Polk financing team includes partners Jason Kyrwood and Meyer C. Dworkin and associate Samantha Hait. Sonya Jackman was the legal assistant on this transaction. Members of the Davis Polk team are based in the New York office.
