SOMNIGROUP INTERNATIONAL INC.

Somnigroup International Inc. announced the successful refinancing of its $2.9 billion senior secured credit facilities, which include a $1.7 billion revolver and a $1.2 billion term loan A. This amendment extends the maturity of its credit facilities to July 27, 2031, and provides an incremental $700 million in liquidity. The company utilized these funds to repay a portion of its term loan B, anticipating an annual interest expense reduction of approximately $5 million, while also enhancing financial flexibility and optimizing its capital structure.

Somnigroup International Inc. announced that the 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for its merger with Leggett & Platt, Incorporated expired on June 3, 2026. This marks a significant step towards completing the transaction, which was initially announced on April 13, 2026. The company anticipates the merger to close by year-end 2026, pending shareholder approval from Leggett & Platt and various other regulatory clearances.

Somnigroup International Inc. stockholders approved an amendment to the company's Certificate of Incorporation to increase the number of authorized common stock shares from 500 million to 1 billion at the Annual Meeting held on May 13, 2026. This change brings the total authorized shares across all classes to 1.01 billion. Additionally, stockholders elected all director nominees, ratified Ernst and Young LLP as the independent auditor for 2026, and approved, on an advisory basis, the compensation of the Named Executive Officers.

Somnigroup International announced a definitive agreement to acquire Leggett & Platt for approximately $2.5 billion in an all-stock transaction, expected to close by year-end 2026. This strategic move comes as the company reported strong first-quarter 2026 financial results, including a significant increase in net sales and a return to profitability. The results reflect the continued integration and performance of the Mattress Firm acquisition, finalized in February 2025.

Somnigroup International Inc. released an updated investor presentation detailing strong Q1 2026 financial results and providing an update on the pending acquisition of Leggett & Platt. The company reported Q1 2026 net sales of $1.802 billion, a 12.3% increase year-over-year, and net income of $104 million, a significant turnaround from a loss in the prior year. The $2.5 billion all-stock acquisition of Leggett & Platt is expected to close by year-end 2026, be accretive to adjusted EPS, and generate $50 million in annual cost synergies. Somnigroup also provided a positive 2026 outlook, targeting adjusted EPS between $3.00 and $3.40, and projected long-term adjusted EPS of approximately $5.15 by 2028.

Somnigroup International Inc. reported strong first quarter 2026 financial results, with net sales increasing 12.3% to $1.8 billion. The company achieved a significant 388.2% increase in diluted EPS to $0.49 and a 20.4% rise in adjusted EPS to $0.59. Additionally, the Board of Directors declared a quarterly cash dividend of $0.17 per share, payable on June 4, 2026. The company also reaffirmed its full-year 2026 financial guidance and provided an update on its proposed acquisition of Leggett & Platt, valued at approximately $2.5 billion and expected to close by year-end 2026.

SOMNIGROUP INTERNATIONAL INC. has entered into an Agreement and Plan of Merger with Sparrow Unity Corporation and Leggett & Platt, Incorporated. The agreement, dated April 13, 2026, details the terms and conditions for the merger of the entities. This strategic move will lead to the combination of the companies involved.

Somnigroup International Inc. announced a definitive agreement to acquire Leggett & Platt, Incorporated. The acquisition will be an all-stock transaction, valued at approximately $2.5 billion. This strategic move is expected to significantly impact both companies' market positions.