Tempur Sealy Acquisition Update

TL;DR

Tempur Sealy acquisition of Mattress Firm is on track, closing expected soon.

AI Summary

On September 23, 2024, Tempur Sealy International, Inc. filed an 8-K to provide an update on its acquisition of Mattress Firm. The filing indicates that the acquisition is progressing as planned and that the company is working towards closing the transaction.

Why It Matters

This filing provides an update on a significant acquisition, indicating progress towards closing the deal which could impact the competitive landscape of the mattress industry.

Risk Assessment

Risk Level: medium — Acquisitions carry inherent risks, including integration challenges and potential regulatory hurdles, which could affect the deal's completion or future performance.

Key Players & Entities

• TEMPUR SEALY INTERNATIONAL, INC. (company) — Registrant
• Mattress Firm (company) — Acquisition Target
• September 23, 2024 (date) — Filing Date
• Delaware (jurisdiction) — State of Incorporation
• 1000 Tempur Way Lexington, Kentucky 40511 (address) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value TPX New York Stock Exchange
• $1.6 billion — nces the Company's launch of a proposed $1.6 billion term loan B facility for financing in c
• $1.6 Billion — titled "Tempur Sealy Announces Proposed $1.6 Billion Term Loan B Facility" 104 Cover page

Filing Documents

• tpx-20240923.htm (8-K) — 28KB
• a09232024pressreleasemfrmu.htm (EX-99.1) — 14KB
• a09232024pressreleaseterml.htm (EX-99.2) — 10KB
• image.jpg (GRAPHIC) — 31KB
• imagea.jpg (GRAPHIC) — 31KB
• 0001206264-24-000138.txt ( ) — 267KB
• tpx-20240923.xsd (EX-101.SCH) — 2KB
• tpx-20240923_lab.xml (EX-101.LAB) — 21KB
• tpx-20240923_pre.xml (EX-101.PRE) — 12KB
• tpx-20240923_htm.xml (XML) — 3KB

01. Other Items

Item 8.01. Other Items. On September 23, 2024, Tempur Sealy International, Inc. (the "Company") issued two press releases. The first press release provides an update on the Company's acquisition of Mattress Firm Group Inc. ("Mattress Firm") and the related litigation with the U.S. Federal Trade Commission. The second press release announces the Company's launch of a proposed $1.6 billion term loan B facility for financing in connection with the Company's anticipated acquisition of Mattress Firm. The press releases are being furnished with this Current Report on Form 8-K as Exhibit 99.1 and Exhibit 99.2 and are hereby incorporated herein by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Press Release dated September 23, 2024, titled "Tempur Sealy Provides Update on Proposed Mattress Firm Acquisition " 99.2 Press Release dated September 23, 2024, titled "Tempur Sealy Announces Proposed $1.6 Billion Term Loan B Facility" 104 Cover page interactive data file (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: September 23, 2024 Tempur Sealy International, Inc. By: /s/ Bhaskar Rao Name: Bhaskar Rao Title: Executive Vice President & Chief Financial Officer