Mattress Firm has acquired Sleepy’s for $780 million.
Mattress Firm obtained an $865 million senior secured credit facility to finance the acquisition.
Barclays, JP Morgan Securities, Merrill Lynch Pierce, Fenner & Smith and Wells Fargo acted as joint bookrunning managers and joint lead arrangers for the credit facility.
Morgan Stanley acted as financial adviser to Sleepy's.
Barclays acted as financial adviser to Mattress Firm.