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Key Developments: Tempur Sealy International Inc (TPX)

TPX on New York Consolidated

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27 May 2016
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Latest Key Developments (Source: Significant Developments)

Tempur Sealy -pricing of upsized $600 mln senior notes offering
Thursday, 19 May 2016 06:13pm EDT 

Tempur Sealy International Inc : Tempur Sealy International Inc says priced its offering of $600 million aggregate principal amount of 5.500% senior notes due 2026 . Notes will be issued at 100% of face value and will mature on June 15, 2026 . Offering size was increased to $600 million from $500 million .Tempur Sealy announces pricing of upsized $600 million senior notes offering.  Full Article

Tempur Sealy launches proposed $500 mln senior notes offering
Thursday, 19 May 2016 09:29am EDT 

Tempur Sealy International Inc : Tempur Sealy launches proposed $500 million senior notes offering . Expects to use net proceeds of offering to redeem all $375 million principal amount of its 6.875% senior notes due 2020 .Proposes to offer $500 million aggregate principal amount of senior notes due 2026.  Full Article

Tempur Sealy International Inc gives FY 2016 EBITDA guidance
Thursday, 4 Feb 2016 07:01am EST 

Tempur Sealy International Inc:Expects FY 2016 adjusted EBITDA to a range from $500 million to $550 million.  Full Article

Tempur Sealy International Inc to reduce workforce by about 2 pct - Reuters
Monday, 26 Oct 2015 05:53pm EDT 

Tempur Sealy International Inc:Tempur Sealy International Inc plans to cut about 140 jobs, or 2 percent of its workforce, as the mattress maker looks to cut costs and boost margins under new Chief Executive Scott Thompson - Reuters.The job cuts will be at Tempur Sealy's headquarters and its international and sales operations, spokesman Rick Maynard said in an email on Monday - Reuters.  Full Article

Tempur Sealy International prices upsized $450 million senior notes offering
Monday, 21 Sep 2015 06:30pm EDT 

Tempur Sealy International:Priced its offering of $450 million aggregate principal amount of 5.625 pct senior notes due 2023.Offering size was increased to $450 million from $350 million.Notes will be issued at 100 pct of face value and will mature on Oct. 15, 2023.  Full Article

Tempur Sealy International Inc names Scott L. Thompson as chairman, president and chief executive officer
Tuesday, 8 Sep 2015 08:00am EDT 

Tempur Sealy International Inc:Announces that its board of directors has named Scott L. Thompson as the company's next chairman, president and chief executive officer, effective immediately.  Full Article

Tempur Sealy International Inc raises FY 2015 outlook
Thursday, 30 Jul 2015 04:04pm EDT 

Tempur Sealy International Inc:Expects FY 2015 Net sales to range from $3.125 billion to $3.175 billion.Expects FY 2015 Adjusted EPS to range from $3.00 to $3.20 per diluted share.FY 2015 revenue of $3.151 billion and EPS of $3.09 - Thomson Reuters I/B/E/S.  Full Article

Tempur Sealy promotes Barry Hytinen to Chief Financial Officer
Thursday, 30 Jul 2015 04:01pm EDT 

Tempur Sealy International Inc:Says Hytinen succeeds Dale E. Williams, effective immediately.Co,Williams agreed that Williams will step down from his role and remain until August 31 to ensure a smooth transition.  Full Article

Tempur Sealy International Inc announces leadership and board changes
Monday, 11 May 2015 09:17am EDT 

Tempur Sealy International Inc:Says Frank Doyle named independent Chairman, effective immediately.Says President and CEO Mark A. Sarvary has resigned.Says Timothy Yaggi, Chief Operating Officer, to serve as Interim CEO.  Full Article

Blue Ocean Laboratories files trade secret lawsuit against Tempur Sealy International Inc
Thursday, 7 May 2015 01:02pm EDT 

Tempur Sealy International Inc:Blue Ocean Laboratories filed a trade secret lawsuit against Tempur Sealy International, Inc. on April 20, in the North Carolina Middle District Court of the United States of America.Blue Ocean's lawsuit alleges that Tempur Sealy breached its contract and misappropriated trade secrets or confidential, proprietary, commercial information that was shared between parties for the purposes of developing the smart mattress.which utilizes threading technology, sensors, processors and proprietary self-learning algorithms to gather collect and measure qualitative and quantitative data regarding a user's sleep habits, patterns, and conditions, including sleep quality, sleep apnea, and environmental sleep conditions.  Full Article

BRIEF-Tempur Sealy -pricing of upsized $600 mln senior notes offering

* Tempur Sealy International Inc says priced its offering of $600 million aggregate principal amount of 5.500% senior notes due 2026