We advised the administrative agent, joint lead arrangers and joint bookrunners

Davis Polk advised the administrative agent, joint lead arrangers and joint bookrunners in connection with a $1.6 billion incremental term loan B facility provided to Tempur Sealy International, Inc. and certain of its subsidiaries. Proceeds of the facility will be used to finance the acquisition by Tempur Sealy International, Inc. of Mattress Firm Group Inc. and to pay fees and expenses in connection with the transaction.

Tempur Sealy International is the world’s largest bedding provider. Tempur Sealy develops, manufactures and markets mattresses, foundations, pillows and other products. Tempur Sealy’s brand portfolio includes many highly recognized brands in the industry, including Tempur, Tempur-Pedic, Sealy featuring Posturepedic Technology and Stearns & Foster.

Mattress Firm Group is the operator of a chain of retail stores selling a variety of mattresses, bedding accessories and related products. The company offers a diverse selection of mattress types, including memory foam, innerspring and hybrid and provides a range of products such as box springs, bed frames, bedding, pillows and furniture.

The Davis Polk finance team included partners Meyer C. Dworkin and Scott M. Herrig, counsel Ruben N. Henriquez and associates Anmol Sheth, Maria Jelda Doria and Trevor D. Jones. All members of the Davis Polk team are based in the New York office.

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