Somnigroup International Inc. has announced the execution of Amendment No. 4 to its 2023 Credit Agreement, effective June 24, 2025. This amendment, involving Tempur-Pedic Management, LLC and several subsidiary guarantors, was established with various banks and financial institutions, with Bank of America, N.A. serving as the administrative agent. The amendment reprices Somnigroup's existing Term B Loans, maturing in October 2031, by reducing the applicable margin by 0.25%. The loans now offer options of a base rate plus 1.25% margin, or a Term Benchmark or RFR Loan rate plus 2.25% margin, with potential for further reduction based on Somnigroup's leverage ratio. As part of the repricing, Somnigroup prepaid $100 million of the outstanding loans using its revolving credit facility. The repriced loans come with a prepayment premium for specific transactions within six months of the amendment. This strategic financial move aims to optimize Somnigroup's debt structure and enhance financial flexibility.