Sleep Number closes asset sale to Sleep Country Canada unit for USD 529.5 million
SNBR•Proceeds and liquidation update
About USD 267.4 million went to repay debtor-in-possession term loans and roll-up loans, including related fees and expenses.
USD 10 million was placed in escrow for post-closing adjustments.
No distribution is expected for stockholders, and common stock will be cancelled when the liquidation plan becomes effective.
Asset sale closed for $529.5 million
Sleep Number closed the sale of substantially all assets to Sleep Country Canada’s unit SNBR on July 31, 2026.
Cash proceeds totaled USD 529.5 million.
