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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Barclays Bank to Agent $250MM DIP Financing for Mattress Firm
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Lenders/Participants
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Barclays Bank [Debtor-in-Possession Lender]
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Structure
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Debtor-in-Possession
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Amount
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$250.000
Million
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Borrower(s)
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Mattress Firm, Inc.
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Description
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In conjunction with its prepackaged restructuring plan, Mattress Firm received commitments for approximately $250 million in debtor-in-possession financing, which, subject to Court approval, will be available to support its ongoing operations during the Chapter 11 proceedings. According to court filings, Barclays Bank is administrative agent for the DIP financing. The Company also obtained commitments for $525 million of senior secured credit facilities enabling it to emerge from Chapter 11 and support operations thereafter. Mattress Firm expects to complete the prepackaged restructuring process within the next 45 to 60 days.
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Industry
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Consumer Products
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| Related Tags |
Barclays Bank, Debtor in Possession
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ABL Advisor
Deal Tables
2025
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