Sleep Number Secures Amended Credit Agreement Extension Through 2027

Reuters

11/10

Sleep Number Secures Amended Credit Agreement Extension Through 2027

Sleep Number Corporation has secured an amendment and extension to its existing credit agreement, now set to run through 2027. The updated agreement, detailed in the Twelfth Amendment to the Amended and Restated Credit and Security Agreement, was filed with the company's Form 10-Q on November 5, 2025. Key changes include expanded addbacks to the definition of Consolidated EBITDA, allowing for pro forma adjustments related to cost-saving measures that have been implemented but not yet fully realized. These changes are designed to provide the company with greater financial flexibility as it executes its turnaround plan. Sleep Number expects these amendments to support covenant compliance, with projected full-year 2025 Consolidated EBITDA of approximately $110 million, driven by around $40 million in structural cost changes. The company believes these steps demonstrate lender confidence in its strategy and will aid in restarting growth and generating free cash flow in 2026.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000827187-25-000123), on November 10, 2025, and is solely responsible for the information contained therein.

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The company believes these steps demonstrate lender confidence in its strategy and will aid in restarting growth and generating free cash flow in 2026.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. 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The updated agreement, detailed in the Twelfth Amendment to the Amended and Restated Credit and Security Agreement, was filed with the company's Form 10-Q on November 5, 2025. Key changes include expanded addbacks to the definition of Consolidated EBITDA, allowing for pro forma adjustments related to cost-saving measures that have been implemented but not yet fully realized. These changes are designed to provide the company with greater financial flexibility as it executes its turnaround plan. Sleep Number expects these amendments to support covenant compliance, with projected full-year 2025 Consolidated EBITDA of approximately $110 million, driven by around $40 million in structural cost changes. The company believes these steps demonstrate lender confidence in its strategy and will aid in restarting growth and generating free cash flow in 2026.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000827187-25-000123), on November 10, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4178","symbol_name":"家庭裝飾零售","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251110:nNDL2xfMsb:1","article_id":"2582879711","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2582879711","pubTimestamp":1762779950,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Sleep Number Corporation has secured an amendment and extension to its existing credit agreement, now set to run through 2027. The updated agreement, detailed in the Twelfth Amendment to the Amended and Restated Credit and Security Agreement, was filed with the company's Form 10-Q on November 5, 2025. Key changes include expanded addbacks to the definition of Consolidated EBITDA, allowing for pro forma adjustments related to cost-saving measures that have been implemented but not yet fully realized. These changes are designed to provide the company with greater financial flexibility as it executes its turnaround plan. Sleep Number expects these amendments to support covenant compliance, with projected full-year 2025 Consolidated EBITDA of approximately $110 million, driven by around $40 million in structural cost changes. The company believes these steps demonstrate lender confidence in its strategy and will aid in restarting growth and generating free cash flow in 2026.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4178":"家庭装饰零售","SNBR":"Sleep Number Corporation"},"translate_title":"Sleep Number确保修订后的信贷协议延长至2027年","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SNBR":0.9},"content_text":"Sleep Number Secures Amended Credit Agreement Extension Through 2027\n    \n\nSleep Number Corporation has secured an amendment and extension to its existing credit agreement, now set to run through 2027. The updated agreement, detailed in the Twelfth Amendment to the Amended and Restated Credit and Security Agreement, was filed with the company's Form 10-Q on November 5, 2025. Key changes include expanded addbacks to the definition of Consolidated EBITDA, allowing for pro forma adjustments related to cost-saving measures that have been implemented but not yet fully realized. These changes are designed to provide the company with greater financial flexibility as it executes its turnaround plan. Sleep Number expects these amendments to support covenant compliance, with projected full-year 2025 Consolidated EBITDA of approximately $110 million, driven by around $40 million in structural cost changes. The company believes these steps demonstrate lender confidence in its strategy and will aid in restarting growth and generating free cash flow in 2026.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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