<SEC-DOCUMENT>0001193125-15-324013.txt : 20150921
<SEC-HEADER>0001193125-15-324013.hdr.sgml : 20150921
<ACCEPTANCE-DATETIME>20150921094634
ACCESSION NUMBER:		0001193125-15-324013
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20150921
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20150921
DATE AS OF CHANGE:		20150921

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TEMPUR SEALY INTERNATIONAL, INC.
		CENTRAL INDEX KEY:			0001206264
		STANDARD INDUSTRIAL CLASSIFICATION:	HOUSEHOLD FURNITURE [2510]
		IRS NUMBER:				331022198
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31922
		FILM NUMBER:		151116683

	BUSINESS ADDRESS:	
		STREET 1:		1000 TEMPUR WAY
		CITY:			LEXINGTON
		STATE:			KY
		ZIP:			40511
		BUSINESS PHONE:		800-878-8889

	MAIL ADDRESS:	
		STREET 1:		1000 TEMPUR WAY
		CITY:			LEXINGTON
		STATE:			KY
		ZIP:			40511

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TEMPUR PEDIC INTERNATIONAL INC
		DATE OF NAME CHANGE:	20031202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TWI HOLDINGS INC
		DATE OF NAME CHANGE:	20021119
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d23460d8k.htm
<DESCRIPTION>8-K
<TEXT>
<HTML><HEAD>
<TITLE>8-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM 8-K
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant
to Section&nbsp;13 or 15(d) </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>of the Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of earliest event reported): September&nbsp;21, 2015 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>TEMPUR SEALY INTERNATIONAL, INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of Registrant as specified in its charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>Delaware</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>001-31922</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>33-1022198</B></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or other jurisdiction of</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>incorporation or organization)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Commission</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>File Number)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(I.R.S. Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>

<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>1000 Tempur Way</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Lexington, Kentucky</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>40511</B></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"><B>(Address of principal executive offices)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Zip Code)</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Not Applicable </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Former name, former address and former fiscal year, if changed since last report) </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (<U>see</U> General Instruction A.2.): </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;8.01. Other Events. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">On September&nbsp;21, 2015, Tempur Sealy International, Inc. issued a press release announcing that it proposes to offer, subject to market
conditions and other factors, $350 million aggregate principal amount of senior notes due 2023 to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the &#147;Securities Act&#148;), and to certain
non-U.S. persons in accordance with Regulation&nbsp;S under the Securities Act. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;9.01. Financial Statements and Exhibits. </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="9%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">Exhibits </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="9%" VALIGN="top" ALIGN="left">99.1</TD>
<TD ALIGN="left" VALIGN="top">Press Release dated September&nbsp;21, 2015, titled &#147;Tempur Sealy Launches Proposed $350 Million Senior Notes Offering&#148; </TD></TR></TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:54%; text-indent:-2%; font-size:10pt; font-family:Times New Roman"><B>Tempur Sealy International, Inc. </B></P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:54%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">By: <U>/s/ BARRY A.
HYTINEN&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:54%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;Name: Barry A. Hytinen </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:54%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;Title: Executive Vice President&nbsp;&amp; Chief Financial Officer </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Date: September&nbsp;21, 2015 </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">EXHIBIT INDEX </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="91%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP><U>Exhibit</U><BR> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman"><U>Number</U></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:2.00em; font-size:10pt; font-family:Times New Roman"><U>Description</U></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Press Release dated September&nbsp;21, 2015, titled &#147;Tempur Sealy Launches Proposed $350 Million Senior Notes Offering&#148;</TD></TR>
</TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d23460dex991.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-99.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g23460g47g33.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TEMPUR SEALY LAUNCHES PROPOSED $350 MILLION SENIOR NOTES OFFERING </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>LEXINGTON, KY, SEPTEMBER 21, 2015</B> &#150; Tempur Sealy International, Inc. (NYSE: TPX), the world&#146;s largest bedding provider, today announced that
it proposes to offer, subject to market conditions and other factors, $350 million aggregate principal amount of senior notes due 2023 (the &#147;Notes&#148;) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933,
as amended (the &#147;Securities Act&#148;), and to certain non-U.S. persons in accordance with Regulation S under the Securities Act. Tempur Sealy expects to use the net proceeds of the offering to repay a portion of the term loan debt outstanding
under its senior secured credit facilities and pay fees and expenses related thereto. The Notes will be general unsecured senior obligations of Tempur Sealy and will be guaranteed on a senior unsecured basis by all of Tempur Sealy&#146;s existing
and future domestic restricted subsidiaries that guarantee or are borrowers under its senior secured credit facilities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Notes will not be registered
under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This announcement is neither an offer to sell nor a solicitation of an offer to buy the Notes or any other securities and shall not constitute an offer,
solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>About the Company </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Tempur Sealy International, Inc. (NYSE: TPX) is the world&#146;s largest bedding provider. Tempur Sealy International, Inc. develops, manufactures and markets
mattresses, foundations, pillows and other products. The Company&#146;s brand portfolio includes many of the most highly recognized brands in the industry, including Tempur<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, Tempur-Pedic<SUP
STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, Sealy<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, Sealy Posturepedic<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, Optimum&#153; and Stearns&nbsp;&amp; Foster<SUP
STYLE="font-size:85%; vertical-align:top">&reg;</SUP>. World headquarters for Tempur Sealy International, Inc. is in Lexington, KY. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Forward-looking
Statements </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This press release contains &#147;forward-looking statements,&#148; within the meaning of the federal securities laws, which include
information concerning one or more of the Company&#146;s plans, objectives, goals, strategies, and other information that is not historical information. When used in this release, the words &#147;estimates,&#148; &#147;expects,&#148;
&#147;guidance,&#148; &#147;anticipates,&#148; &#147;projects,&#148; &#147;plans,&#148; &#147;proposed,&#148; &#147;intends,&#148; &#147;believes,&#148; and variations of such words or similar expressions are intended to identify forward-looking
statements. These forward-looking statements include, without limitation, statements relating to Tempur Sealy&#146;s expectations regarding the offering and sale of the Notes and the anticipated use of the net proceeds from the offering. All
forward-looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that Tempur Sealy will realize these expectations or that these beliefs will prove correct. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Numerous factors, risks and uncertainties, many of which are beyond Tempur Sealy&#146;s control, could cause actual results to differ materially from those
expressed as forward-looking statements. These risks include successful completion of the offering and sale of the Notes; risks associated with the Company&#146;s capital structure and increased debt level; the ability to successfully integrate
Sealy Corporation into the Company&#146;s operations and realize cost synergies and other benefits from the transaction; whether the </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
Company will realize the anticipated benefits from its asset dispositions in 2014 and the acquisition of brand rights in certain international markets in 2014; general economic, financial and
industry conditions, particularly in the retail sector, as well as consumer confidence and the availability of consumer financing; changes in product and channel mix and the impact on the Company&#146;s gross margin; changes in interest rates; the
impact of the macroeconomic environment in both the U.S. and internationally on the Company&#146;s business segments; uncertainties arising from global events; the impact of the macroeconomic environment in both the U.S. and internationally on the
Company&#146;s business segments; uncertainties arising from global events; changes in foreign exchange rates on the Company&#146;s reported earnings; consumer acceptance of the Company&#146;s products; industry competition; the efficiency and
effectiveness of the Company&#146;s advertising campaigns and other marketing programs; the Company&#146;s ability to increase sales productivity within existing retail accounts and to further penetrate the Company&#146;s retail channel, including
the timing of opening or expanding within large retail accounts and the timing and success of product launches; the effects of consolidation of retailers on revenues and costs; the Company&#146;s ability to expand brand awareness, distribution and
new products; the Company&#146;s ability to continuously improve and expand its product line, maintain efficient, timely and cost-effective production and delivery of its products, and manage its growth; the effects of strategic investments on the
Company&#146;s operations; changes in foreign tax rates and changes in tax laws generally, including the ability to utilize tax loss carry forwards; the outcome of various pending tax audits or other tax, regulatory or litigation proceedings;
changing commodity costs; the effect of future legislative or regulatory changes; and disruptions to the implementation of the Company&#146;s strategic priorities and business plan caused by abrupt changes in the Company&#146;s senior management
team and Board of Directors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">There are a number of risks and uncertainties that could cause the Company&#146;s actual results to differ materially from
the forward-looking statements contained in this press release. There are important factors, many of which are beyond the Company&#146;s control, that could cause its actual results to differ materially from those expressed as forward-looking
statements in this press release, including the risk factors discussed under the heading &#147;Risk Factors&#148; under ITEM&nbsp;1A of Part 1 of the Company&#146;s Annual Report on Form 10-K for the year ended December&nbsp;31, 2014 and
ITEM&nbsp;1A of Part II of the Company&#146;s Quarterly Reports on Form 10-Q for the fiscal quarters ended March&nbsp;31, 2015 and June&nbsp;30, 2015. There may be other factors that may cause the Company&#146;s actual results to differ materially
from the forward-looking statements. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Investor Relations Contact: </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mark Rupe </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Vice President, Investor Relations </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Tempur Sealy International, Inc. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">800-805-3635 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Investor.relations@tempursealy.com </U></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">*****
</P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g23460g47g33.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g23460g47g33.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M=_+\SSJ/\1'OE>">B% '"?%K_D34_P"OI/Y-7=@/XOR.?$? 5/@[_P B[?\
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M%ZA>WEW[E#$9PC$<CW KZC%5)4J+G'?_ ()\A@Z4:M>,)[._Y'K/_"L_"_\
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M*>W4]UCC2*-8XT"(@"JJC  '0"OG&VW=GU*22LAU(84 5-4_Y!%[_P!<'_\
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M7%-,YJD)<VQ9\,Z-J%WJIC@MF=_+)P".F1[TJE6$8W;(]G-[([#_ (1/7/\
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M]7V--SML?&8>C[>HJ:=KG=?\*>N/^@S'_P!^#_\ %5YO]J+^7\3U/[(E_/\
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MB"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
I"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@#_]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
