• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Helper
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees for your businessNEW
    Legal
    Terms of usePrivacy policyCookie policy

    Somnigroup International Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits

    6/24/25 4:34:26 PM ET
    $SGI
    Home Furnishings
    Consumer Discretionary
    Get the next $SGI alert in real time by email
    sgi-20250624
    false000120626400012062642025-06-242025-06-24

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, DC 20549

    FORM 8-K

    CURRENT REPORT
    Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
    SECURITIES EXCHANGE ACT OF 1934

    Date of report (Date of earliest event reported): June 24, 2025

    SOMNIGROUP INTERNATIONAL INC.
    (Exact name of registrant as specified in its charter)
    Delaware001-3192233-1022198
    (State or other jurisdiction of incorporation)(Commission File Number)(I.R.S. Employer Identification No.)

    1000 Tempur Way
    Lexington, Kentucky  40511
    (Address of principal executive offices) (Zip Code)

    (800) 878-8889
    (Registrant’s telephone number, including area code)

    N/A
    (Former name or former address, if changed since last report)

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
    ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
    ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
    ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
    ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
    Securities registered pursuant to Section 12(b) of the Act:
    Title of each classTrading Symbol(s)Name of exchange on which registered
    Common Stock, $0.01 par valueSGINew York Stock Exchange

    Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

    Emerging growth company ☐

    If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐









    Item 1.01. Entry into a Material Definitive Agreement
    Amendment No. 4 to the Credit Agreement

    On June 24, 2025, Somnigroup International Inc. (the "Company"), Tempur-Pedic Management, LLC (the "Additional Borrower") and certain subsidiaries of the Company (the "Subsidiary Guarantors") entered into Amendment No. 4 ("Amendment No. 4") among several banks and other financial institutions party thereto (the "2025 Refinancing Term B Lenders") and Bank of America, N.A., as administrative agent, to the Company's 2023 Credit Agreement dated as of October 10, 2023 (as amended, supplemented or otherwise modified as of the effective date of Amendment No. 4, including by Amendment No. 4, the "Credit Agreement"), among several banks and other financial institutions party thereto and Bank of America, N.A., as administrative agent.

    Pursuant to Amendment No. 4, the Company repriced its existing term B loans due October 2031 outstanding under the Credit Agreement (the "Term B Loans"), reducing the applicable margin on the Term B Loans by 0.25% to, at the Company's or the Additional Borrower's election, (i) a base rate plus an applicable margin of 1.25%, (ii) a "Term Benchmark" rate (a Term SOFR rate as defined in the Credit Agreement) plus an applicable margin of 2.25% or (iii) an "RFR Loan" rate (a Daily Simple SOFR rate as defined in the Credit Agreement) plus an applicable margin of 2.25%, subject, in each case, to an additional 0.25% rate reduction based on the Company's consolidated total leverage ratio. In connection with the repricing, the Company prepaid $100.0 million of the outstanding Term B Loans (including accrued and unpaid interest in respect thereof) with a borrowing under the revolving credit facility under the Credit Agreement. The repriced Term B Loans will be subject to a prepayment premium in connection with certain repricing transactions that occur on or prior to the six-month anniversary of Amendment No. 4.

    Amendment No. 4 did not make any other material changes to the terms and conditions of the Credit Agreement representations and warranties, events of default, or affirmative and negative covenants.

    The above description of Amendment No. 4 is not complete and is qualified in its entirety by reference to the full text of Amendment No. 4, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

    Some of the lenders under the Credit Agreement and their affiliates have various relationships with the Company involving the provision of financial services, including other credit facilities with affiliates of the Company, cash management, investment banking, trust and other services.

    Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

    The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.

    Item 9.01. Financial Statements and Exhibits.
    (d) Exhibits.
    Exhibit
    Number
    Description
    10.1
    Amendment No. 4 dated as of June 24, 2025 by and among Somnigroup International Inc., as parent borrower, Tempur-Pedic Management, LLC, as additional borrower, the subsidiary guarantors party thereto, each lender party thereto and Bank of America, N.A., as administrative agent.
    104Cover page interactive data file (embedded within the Inline XBRL document).









    SIGNATURES

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

    Date: June 24, 2025
    Somnigroup International Inc.
    By:/s/ Bhaskar Rao
    Name:Bhaskar Rao
    Title:Executive Vice President & Chief Financial Officer






























    Get the next $SGI alert in real time by email

    Crush Q3 2025 with the Best AI Executive Assistant

    Stay ahead of the competition with Tailforce.ai - your AI-powered business intelligence partner.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Tailforce.ai

    Recent Analyst Ratings for
    $SGI

    DatePrice TargetRatingAnalyst
    3/19/2025$57.00Neutral
    Goldman
    2/21/2025Hold
    Jefferies
    More analyst ratings

    $SGI
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • SEC Form 4 filed by CEO & PRESIDENT Thompson Scott L

      4 - SOMNIGROUP INTERNATIONAL INC. (0001206264) (Issuer)

      6/24/25 4:13:57 PM ET
      $SGI
      Home Furnishings
      Consumer Discretionary
    • CEO, North America Buster H Clifford Iii gifted 5,400 shares, exercised 35,248 shares at a strike of $15.61 and sold $1,453,543 worth of shares (22,092 units at $65.80), increasing direct ownership by 3% to 280,755 units (SEC Form 4)

      4 - SOMNIGROUP INTERNATIONAL INC. (0001206264) (Issuer)

      6/12/25 4:28:39 PM ET
      $SGI
      Home Furnishings
      Consumer Discretionary
    • EVP Global Business Strategy Montgomery David exercised 101,008 shares at a strike of $16.72 and sold $4,991,987 worth of shares (76,008 units at $65.68), increasing direct ownership by 3% to 883,839 units (SEC Form 4)

      4 - SOMNIGROUP INTERNATIONAL INC. (0001206264) (Issuer)

      6/12/25 4:27:29 PM ET
      $SGI
      Home Furnishings
      Consumer Discretionary

    $SGI
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Somnigroup to Report Second Quarter 2025 Financial Results

      LEXINGTON, Ky., July 15, 2025 /PRNewswire/ -- Somnigroup International, Inc. (NYSE:SGI, ", Company", or ", Somnigroup", )) will release its financial results for the second quarter ended June 30, 2025, before the NYSE opening of regular trading on Thursday, August 7, 2025. The Company will hold a conference call at 8:00 a.m. Eastern Time. The call will be webcast and can be accessed on the Company's investor relations website at www.somnigroup.com. After the conference call, a webcast replay will remain available on the website for 30 days. About Somnigroup Somnigroup (NYSE:SGI) is the world's largest bedding company, dedicated to improving people's lives through better sleep. With superio

      7/15/25 6:55:00 AM ET
      $SGI
      Home Furnishings
      Consumer Discretionary
    • Somnigroup International Extends Scott Thompson's Employment Contract

      DALLAS, June 24, 2025 /PRNewswire/ -- Somnigroup International Inc. (NYSE:SGI, ", Company", or ", Somnigroup", )) today announced that, upon the recommendation of the Human Resources/Capital and Talent Committee, the independent members of the Board of Directors have extended the term of Scott Thompson's employment contract as Chairman, Chief Executive Officer and President of the Company to December 31, 2029. Mr. Thompson has led the Company since September 2015. During his tenure, the Company's share price increased by over 250%, exceeding both the S&P 500 and the Russell 2000 Indexes. Richard W. Neu, Lead Director of the Somnigroup Board of Directors, commented, "We are pleased to reaffi

      6/24/25 6:55:00 AM ET
      $SGI
      Home Furnishings
      Consumer Discretionary
    • Somnigroup Announces Successful Term Loan B Repricing

      DALLAS, June 18, 2025 /PRNewswire/ -- Somnigroup International Inc. (NYSE:SGI, ", Company", or ", Somnigroup", )) today announced the successful repricing of its $1.6 billion Term Loan B due October 2031. The loan was repriced with a reduction to the current applicable margin by 25 basis points, from SOFR plus 2.50% to SOFR plus 2.25%, with a further step-down to SOFR plus 2.00% if total net leverage is below 3.0x adjusted EBITDA per the Company's credit agreement ("adjusted EBITDA"). Concurrent with the repricing, the Company intends to prepay $100 million of the outstanding term loan B principal balance with cash on hand and revolver borrowings. The Company estimates the repricing and pre

      6/18/25 6:55:00 AM ET
      $SGI
      Home Furnishings
      Consumer Discretionary

    $SGI
    SEC Filings

    See more
    • Somnigroup International Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits

      8-K - SOMNIGROUP INTERNATIONAL INC. (0001206264) (Filer)

      6/24/25 4:34:26 PM ET
      $SGI
      Home Furnishings
      Consumer Discretionary
    • Somnigroup International Inc. filed SEC Form 8-K: Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - SOMNIGROUP INTERNATIONAL INC. (0001206264) (Filer)

      6/24/25 6:58:15 AM ET
      $SGI
      Home Furnishings
      Consumer Discretionary
    • SEC Form SD filed by Somnigroup International Inc.

      SD - SOMNIGROUP INTERNATIONAL INC. (0001206264) (Filer)

      5/28/25 4:09:22 PM ET
      $SGI
      Home Furnishings
      Consumer Discretionary

    $SGI
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Goldman resumed coverage on Somnigroup International with a new price target

      Goldman resumed coverage of Somnigroup International with a rating of Neutral and set a new price target of $57.00

      3/19/25 8:18:44 AM ET
      $SGI
      Home Furnishings
      Consumer Discretionary
    • Jefferies initiated coverage on Somnigroup International

      Jefferies initiated coverage of Somnigroup International with a rating of Hold

      2/21/25 11:12:30 AM ET
      $SGI
      Home Furnishings
      Consumer Discretionary

    $SGI
    Financials

    Live finance-specific insights

    See more
    • Somnigroup to Report Second Quarter 2025 Financial Results

      LEXINGTON, Ky., July 15, 2025 /PRNewswire/ -- Somnigroup International, Inc. (NYSE:SGI, ", Company", or ", Somnigroup", )) will release its financial results for the second quarter ended June 30, 2025, before the NYSE opening of regular trading on Thursday, August 7, 2025. The Company will hold a conference call at 8:00 a.m. Eastern Time. The call will be webcast and can be accessed on the Company's investor relations website at www.somnigroup.com. After the conference call, a webcast replay will remain available on the website for 30 days. About Somnigroup Somnigroup (NYSE:SGI) is the world's largest bedding company, dedicated to improving people's lives through better sleep. With superio

      7/15/25 6:55:00 AM ET
      $SGI
      Home Furnishings
      Consumer Discretionary
    • Somnigroup International Extends Scott Thompson's Employment Contract

      DALLAS, June 24, 2025 /PRNewswire/ -- Somnigroup International Inc. (NYSE:SGI, ", Company", or ", Somnigroup", )) today announced that, upon the recommendation of the Human Resources/Capital and Talent Committee, the independent members of the Board of Directors have extended the term of Scott Thompson's employment contract as Chairman, Chief Executive Officer and President of the Company to December 31, 2029. Mr. Thompson has led the Company since September 2015. During his tenure, the Company's share price increased by over 250%, exceeding both the S&P 500 and the Russell 2000 Indexes. Richard W. Neu, Lead Director of the Somnigroup Board of Directors, commented, "We are pleased to reaffi

      6/24/25 6:55:00 AM ET
      $SGI
      Home Furnishings
      Consumer Discretionary
    • Somnigroup Announces Pricing of Secondary Offering of Common Stock

      DALLAS, May 12, 2025 /PRNewswire/ -- Somnigroup International Inc. (NYSE:SGI, ", Company", or ", Somnigroup", )) today announced the pricing of the previously announced secondary offering (the "Offering") of 15,376,743 shares of its common stock at a price to the public of $62.00 per share. All of the shares of common stock are being sold by the former majority shareholder of Mattress Firm Group Inc., which shareholder is a subsidiary of IBEX Topco B.V., and Somnigroup will not receive any of the proceeds from the Offering. The Offering is expected to close on or about May 13, 2025, subject to customary closing conditions. Goldman Sachs & Co. LLC is acting as the sole underwriter for the Of

      5/12/25 5:57:00 PM ET
      $SGI
      Home Furnishings
      Consumer Discretionary