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Sleep Number amends credit agreement, adds $55 million liquidity including $25 million term loan

PUBT · 11h ago

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Sleep Number amends credit agreement, adds $55 million liquidity including $25 million term loan

Sleep Number amended its credit agreement with existing lenders to add USD 55 million of liquidity.
Amendment includes a new USD 25 million term loan priced at one-month term SOFR + 8%.
Term loan matures June 30, 2026.
Deal waives USD 30 million minimum liquidity covenant until first week ending after July 1, 2026.
Agreement also provides forbearance on other financial covenants tied to milestones for a strategic transaction aimed at full repayment of lender obligations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sleep Number Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 202604280800BIZWIRE_USPR_____20260427_BW595544) on April 28, 2026, and is solely responsible for the information contained therein.

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