Paul Hastings Advises UBS Investment Bank in Mattress Firm Secondary Offering
New York, NY - Paul Hastings LLP, a leading global law firm, announced today that the firm represented UBS Securities LLC as the sole underwriter in a secondary public offering of common stock by certain stockholders of Mattress Firm Holding Corp. (Nasdaq:MFRM), the nation's leading bedding retailer.
The selling stockholders included a member of Mattress Firm’s management and director affiliates, including funds associated with J.W. Childs Associates, L.P., and sold an aggregate of 1,505,000 shares of common stock for proceeds of approximately $100 million in the offering.
Paul Hastings also represented Barclays as the sole underwriter in a secondary public offering of common stock by stockholders of Mattress Firm in December 2014 and, in October 2014, represented the banks, including Barclays Bank PLC, in financing Mattress Firm’s acquisition of The Sleep Train, Inc. and its subsidiaries, which included a $720 million term loan credit facility and a $125 million asset-based revolving credit facility.
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