Tempur-Pedic redeeming debt

December 2006
Furniture/Today;12/18/2006, Vol. 31 Issue 15, p48
Trade Publication
The article reports on the plan of specialty bedding manufacturer Tempur-Pedic to redeem $97.5 million in senior debt in 2006. This move is expected to save more than $2 million in annual interest. Due in 2010, the senior subordinated notes carry an interest rate of 10.25 percent and will be redeemed by December 29, 2006 at about an eight percent premium over the principal amount.


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