Somnigroup refinances $2.9B credit facilities, cuts interest costs

Somnigroup International Inc. (NYSE: SGI) announced it has completed the amendment of its $2.9 billion senior secured credit facilities, consisting of a $1.7 billion revolver and a $1.2 billion term loan A.

According to a company statement, the amended agreement extends existing credit facilities and provides an incremental $700 million in liquidity. Somnigroup used the $700 million to repay a portion of its outstanding term loan B, which the company said will reduce expected annual interest expense by approximately $5 million.

Chairman and CEO Scott Thompson said, "We are pleased to complete the refinancing of our credit facilities, lowering our cost of capital, extending our debt maturities, and enhancing our financial flexibility."

Somnigroup filed a Current Report on Form 8-K with the Securities and Exchange Commission on July 27, 2026, containing additional details on the refinanced credit facilities.

You May Also Be Interested In

• InMed Pharmaceuticals gets Nasdaq equity deficiency notice
• Enablence closes C$25M private placement with Collingwood Investments
• Kite Realty Group Trust files for 12M share offering by selling stockholders