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Actionable news in SCSS: Select Comfort Corporation,

ENTRY INTO A MATERIAL DEFINITIVE

On November 4, 2015, Select Comfort Corporation and its wholly-owned subsidiary Select Comfort Retail Corporation (collectively, the Company) and Synchrony Bank entered into a Second Amendment to Retailer Program Agreement, dated effective as of November 4, 2015 (the Second Amendment), which amended the Retailer Program Agreement dated effective as of January 1, 2014 as amended (the Agreement), among the parties. The Second Amendment increases the amount of the Credit Review Point as well as changes the Financial Covenants in Appendix B of the Agreement by replacing the Minimum Tangible Net Worth and Minimum Working Capital requirements with Rent Adjusted Net Leverage Ratio and Debt Service Coverage Ratio requirements. Select Comforts purpose in renegotiating the financial covenants in the Agreement as reflected in the Second...


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