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Actionable news in TPX: TEMPUR SEALY INTERNATIONAL Inc,

Tempur Sealy (TPX) Stock Higher After Completing Notes Repayment

NEW YORK (TheStreet) -- Shares of Tempur Sealy (TPX) are up 0.25% to $59.59 Monday afternoon, as the company announced earlier today the conversion or repayment of all remaining 8% senior secured third lien convertible notes due in 2016.

The notes were issued by Sealy Corporation and Sealy Mattress Company and matured on July 15.

The Lexington, KY-based mattress maker borrowed $100 million to complete the repayment of approximately $115 million in cash to Sealy Notes holders who had converted their notes ahead of July 15.

"As part of our...


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