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Mattress Firm to launch loan amendment and extension on Tuesday
By Sara Rosenberg
New York, Oct. 5 - Mattress Firm is scheduled to hold a lender call on Tuesday to launch an amendment and extension of its credit facility, according to a market source.
UBS Securities LLC is the lead bank on the deal.
As of July 31, the company's credit facility consisted of a $227.2 million term loan due January 2014 and a $35 million revolver due January 2013.
Pricing on the term loan is Libor plus 225 basis points, and revolver pricing can range from Libor plus 225 bps to 275 bps based on leverage. As of July 31, the spread on the revolver was set at Libor plus 225 bps.
Mattress Firm is a Houston-based mattress retailer.
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