Sealy to redeem senior secured notes

Bedding major Sealy, headquartered in Trinity, N.C., announced on Feb. 1 that it would redeem 10%, or $35 million, of its $350 million aggregate principal amount of 10.875% senior secured notes due April 15, 2016. The redemption price will equal 103% of the principal amount of the notes, plus accrued and unpaid interest to the redemption date. The redemption is expected in the second quarter.