Serta Simmons Bedding Announces Plans To Explore Refinancing Of Existing Term Loan And Unsecured Notes

ATLANTA, September 26, 2016 – Serta Simmons Bedding, LLC  (“SSB”), the number one manufacturer and distributor of mattresses in the United States, announced today that it is exploring alternatives to refinance all of its existing first lien term loan and unsecured notes.   There can be no assurance that SSB will be able to obtain new credit facilities on the terms acceptable to the company.

UBS and Goldman Sachs are expected to be Joint Lead Arrangers and Joint Bookrunners on the transaction, and will likely be joined by additional Lead Arrangers and Bookrunners as the transaction comes to market.

Serta Simmons Bedding Promotes Jim Gallman To Executive Vice President, Marketing For Simmons Bedding Company

ATLANTA, August 4, 2016 – Serta Simmons Bedding, LLC (SSB) today announced the promotion of Jim Gallman to Executive Vice President, Marketing for Simmons Bedding Company, LLC (Simmons), effective immediately. Gallman previously served as Senior Vice President, Brand Management and succeeds Jeff Willard, who resigned to pursue a leadership role in the entertainment and lifestyle management space. Gallman, who brings more than 20 years of marketing experience to the role, oversees all aspects of Simmons’ marketing and brand functions. Gallman joined Simmons in 2014.

“Jim has been instrumental in building Simmons’s world-class marketing team, unifying processes between marketing and new product development and driving Beautyrest’s successful hybrid and luxury positioning in the market,” stated Michael Traub, Chief Executive Officer of SSB. “Jim’s depth of experience, proven track record and leadership capabilities made him a natural choice, and I am proud that we are able to promote from within.”

In addition to his contributions to the Simmons brand, Gallman has spearheaded product and marketing transformations for several industry-leading consumer brands. Gallman joined Simmons from NCH Corporations, where he served as Senior Vice President of Sales & Marketing. He was responsible for revitalizing the company’s retail products division and driving brand reinvention for the company’s largest retail brands, OUT! and Simple Solution, the top global leaders in pet waste management products. Prior to NCH, Gallman was Senior Vice President of Marketing at Hunter Fan Company, where he led innovative brand strategy and product development for the 125-year-old iconic brand. Additionally, he has held various positions at both Lexmark International and Spectrum Brands.

“I’m honored to lead our marketing team in this new position, as we continue to connect with our consumers through creative campaigns and impactful experiences with the brand,” said Gallman. “I look forward to executing the unified, strategic plan we have in place to support Simmons’ continued growth.”