On April 6, 2004, Sealy Mattress Co. closed a US$685 million senior secured credit facility, including a US$25 million revolving facility made available to Sealy Canada Ltd./Ltee. The facilities were provided by a syndicate of lenders led by JPMorgan Chase Bank, as administrative agent, and by JP Morgan Securities Inc. and Goldman Sachs Credit Partners LP as joint lead arrangers and joint bookrunners. The facilities were made available in connection with the financing of a US$1.5 billion leveraged buyout of the company by Kohlberg Kravis Roberts & Co.
Sealy was represented in the US by James Cross, Melissa Hutson and Craig Kalkut of Simpson Thacher & Bartlett; and in Canada by Laurie Barrett and Tim Meadowcroft of Osler, Hoskin & Harcourt.
In the US, JPMorgan Chase Bank was represented by Patrick Flanagan, Daniéle Jean-Pierre and Ronan Wicks of Latham & Watkins. The team of Jeffrey Rogers, Tania Fecko and Adam Maerov from McMillan Binch represented JPMorgan Chase Bank in Canada.