Sleep Number secures $260 million debtor-in-possession financing in Chapter 11 cases

Sleep Number Corporation

Sleep Number Corporation

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  • Sleep Number entered a debtor-in-possession credit agreement for up to $260 million, including $65 million of new-money term loans.
  • The facility also rolls up up to $195 million of existing secured obligations into DIP financing.
  • An interim court order took effect June 15; final hearing is scheduled for July 9.
  • Loans mature Sept. 16, 2026; pricing set at SOFR + 8% or base rate + 7%.
  • DIP lenders receive superpriority administrative claims, backed by first-lien DIP collateral and priming liens on prepetition collateral.


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: 0000950103-26-009081), on June 16, 2026, and is solely responsible for the information contained therein.

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